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Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: hdl who wrote (3752)1/4/2000 12:01:00 PM
From: Herb Fuller  Read Replies (2) | Respond to of 5023
 
Re: "Why is iom outperforming so far this year?"

If you take a look at the volume increases in Iomega's products year over year and not be concerned about their lack of top line increases you can be bullish on the Company.

They have competed with the very best of corporations such as HP, IBM, SNE, SYQT,ETC and have come out the clear winner in the removable storage business.

All they need to do now is improve their bottom line and Iomega becomes a great growth Company going forward.

Herb



To: hdl who wrote (3752)1/4/2000 2:37:00 PM
From: Ken Pomaranski  Read Replies (1) | Respond to of 5023
 
<< Why is iom outperforming so far this year? >>

Simple. Everyone who was going to sell sold in December for tax loss reasons. That left only buyers at the pre-market on Monday. The buying pressure was exacerbated by the mention of IOM on wall street week.

The selling will start again when people realize that this is a shrinking company, losing the battle to tons of competition. This will be apparent at a pre-announcement, or the announcement. For now, enjoy!!

kp