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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Bearded One who wrote (34082)	10/30/1997 6:11:00 PM
From: Fred J. Ledo	Respond to of 58324

BO, Isn't it obvious that slashing prices to below cost just to have some revenue is going to show increased unit sales? Also, it seems that Syqt is giving up to the retail market as they stated that their Rocket technology will be marketed toward the corporate user(s). Look at IMN, there is clearly one winner here... Fred

To: Bearded One who wrote (34082)	10/30/1997 6:15:00 PM
From: exitleft	Respond to of 58324

Bearded One, The unit shipments are relative to previous quarter. The more relevant info is by how much. Was it by 1 unit, 2, ... I think 10 is more like it! Exitleft

To: Bearded One who wrote (34082)	10/30/1997 9:21:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

<<Decreased revenues are bad for Syquest, but their increased unit sales are bad for Iomega.>> B.O. Let me say this the nicest way that I can: It would behest you to take a little time to review Syquest's financials. They may have sold a few more units this last quarter than the previous quarter, but note that their revenue and unit sales have been less and less every quarter for the past 3 years or so. Also note that while Iomega does not book revenue when they ship product, Syquest most likely does. Just because some one took delivery, doesn't mean the units were sold. Syquest has proved to the market that selling less, and making less money, while having some bozo like Herb Greenberg put its name in the paper, add up to a short term movement in the price of the stock. All for the purpose of attracting some new capital to forestall the inevitable: bankruptcy. Who could be silly enough to think I.T. professionals are going to flock to the products of a company that most likely won't survive 1998. Even if they introduce the 4.7 GB drive at Comdex, you know as well as I do that the product won't be available until someti9me next year. By then, they will be out of capital. I would short Syquest today, but have lost faith in the market's ability to be rational. So, I will wait until it hits $8. Then, I will take all my Iomega profits and short the hell out of it and not close my position until my brokerage will let me buy it for $.01. Mark my words.