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

To: Gary Wisdom who wrote (35539)	11/13/1997 2:17:00 PM
From: Cogito	Respond to of 58324

>>Yes, we're pissed off that we won't see $30 today. Wouldn't you be? However, we've all made (and are still making) a great deal of money on this stock.<< Gary - I'm not pissed off. I have much more patience than that. As for today's drop-off, I think we should note that the entire market was up in the beginning and then fell. Iomega does not exist in a vacuum. Sure, there may have been some disappointment in today's news. I think we hype ourselves up pretty well around here. But if you think about the amount of work that went into today's announcement, I think you can understand why Iomega called it big. They have taken a product which was only a prototype a year ago, refined it, decreased the size, doubled the capacity, reduced power consumption, and enlisted the support of several extremely influential players in the electronics and photography industries. Not a minor accomplishment. The bears will minimize it, because that's what they do. But remember that they also said the Zip market was saturated after nnly about 4 million units had been sold. - Allen