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

To: Michael M who wrote (34964)	11/10/1997 2:54:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 58324

i can see there's a significant number of blocks coming into the techn stocks now. it appears the little guy is selling and the big guys are buying. or is it the little guy is shorting and the big guys are covering, or...

To: Michael M who wrote (34964)	11/10/1997 5:34:00 PM
From: Chris Sterner	Read Replies (1) \| Respond to of 58324

I didn't see the IOM promo that you did, but I did watch CNBC this morning. They announced the new IBM tech and they started to speculate on what the results would be. The first thing Joe Kernen(?) said was that he suspected that it was geared at taking business away from Iomega! It is scarey to think how tech illiterate these guys really are. At least the heavy set fellow that anchors it (I'm terrible at names) piped in and said that Iomega is removable media and this was not. At last they didn't light into Iomega and and make themselves look too stupid. Later they mentioned that this was more ReadRite's area and it would probably hurt them most. I did think it was funny that Joe wanted to wait to buy a computer until those $500 (preferably less) units were out. He thought $1000 was too much... Hard to tell if he was joking or not. After his statement about IBM vs. IOM I wasn't so sure... Chris