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

To: Michael Coley who wrote (34088)	10/30/1997 7:09:00 PM
From: D.J.Smyth	Respond to of 58324

there does appear to be a correlation Michael. obviously some longs took short covering as "biggo mambo reporto" and couldn't get ahold of their favorite halloween witch doctor in time for advice, so they sold anyway. SYQT revenue was down. they may have had jump in unit sales the last month due to IOM's shortage of Zips, but this shortage strain is certainly being alleviated. who started all this deflation talk Michael, do you remember? i disagree with 50% of what they are saying due to the fact that recessions and lower property values do not lead to lower market prices for staples. Japan's recession is a result of prices in Japan being artificially supported by their arcane economic system. Prices of US goods sold to Japan are already nearly 1/2 the price of comparable products sold in Japan. Because Japan attaches duties and third party market increases to US goods sold in Japan, US goods are come out about equal to their Japanese counterpart products. However, if Japan took away the local crutches from their economy and let the US sell goods to Japan on an even playing field, the US's cost of goods produced is lower. So this notion that "Japan will buy less US goods because they're going into a recession" sounds like nonsense. US goods are already cheaper - they'll buy MORE US goods on the black market, not less. Who started all this deflation talk - the WSJ?