Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gary Wisdom who wrote (34500)	11/4/1997 6:12:00 PM
From: Sonki	Respond to of 58324

gary ot: asnd pe 26 now and is very reasonable i don't think it should go much lower except tax selling. asnd said it will grow 10%/qurter. read yahoo asnd news. so we could see as much as $56 if asnd goes to 40pe. imaginee this IOM is higher then asnd. ... well it will turn t he other way some day soon. and don't put any more in asnd. buy more iom if iom goes up shortly then u can afford to pay more asnd later. i dropped asnd @40 but my dad loaded up at 35. so i m watchinng asnd and will pick it up again.

To: Gary Wisdom who wrote (34500)	11/4/1997 7:54:00 PM
From: Cogito	Respond to of 58324

>>I personally expect the earnings to come in way above all estimates at this point. With the backlog, with them not posting revenue from product actually shipped in the 3rd quarter, with increased PC sales this quarter, with more OEMs shipping products installed with zips, and with higher margins from cost reductions, I really think they will blow out this quarter.<< Gary - I wonder about this. The estimates for the fourth quarter are already significantly higher than the best quarter Iomega has ever produced. While I am sure Iomega will beat the estimates, my big concern is about expectations. If people expect a blowout, the stock can drop after an announcement that beats estimates by "only" 10%. Iomega usually beats estimates by only 1 or 2 cents. In this case, beating estimates by 10% would be amazing, but I believe there's a good possibility that we'll see the stock run up before earnings, then pull back afterward. This is a pattern we have seen in the past when expectations were high. But that's just my opinion. I could be wrong. And I could change my opinion as conditions change. - Allen