To: Pacing The Cage who wrote (3121 ) 10/13/1999 12:35:00 AM From: HardMoney Respond to of 5023
Seagate blows away earnings....... news.cnet.com With SEG's blow out earnings and Intel's slight miss, the sector money should rotate out of chips...INTC, MOT(down $4 in afterhours in sympathy with Intel).......and into .........the now undervalued disk driven sector of which IOM is, IMHO, mistakenly lumped into.....btw they are part of the Morgan Stanley Disk Drive Index ...the DDX... This news will only help the DD makers including IOM, but get some attention from the bigger funds.......but we need direction from Roy, longterm....short term, barring any disasters I'm confident that we'll see $5 by comdex......I must admit I'll probably sell after or just before Q4 call......I may even sell this friday. The problem with IOM, the stock, is that there are too many f***ing shares out there..... IOM History of splits: Mr. Dunn......You and KE over did it..... 11/94: 5/4 02/96: 3/1 05/96: 2/1 .....Why? 12/97: 2/1 .......what are you, on ludes? Going backwords....thats.....270M/2=135M/2=62.5M/3=21M X.80=17M 17 Million shares is what IOM sharted out at.....hell when Zip took off they had 21Million shares out......I don't understand the 3 for and the last TWO 2/1s, why not just one 2/1 or one 3/1 and that's it. Mr. Dunn pushed for these splits and this is the man currenty running IOM........ I have been very long IOM(G),IOM and options for both many times but this time it's a simple trade....there is a world out there besides IOM.I still don't see anything out of Roy that will lead this stock higher....existing mngmt can't do it.......but it's probably good for $1.5-2.00 bucks worth of profit between now and comdex, which % wise is a nice return. Frank