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


To: Cogito who wrote (35550)11/13/1997 2:25:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
A little volume news you can use . . .

It took 1.4 MM shares to drive the stock up to $29.875

It took 3.5 MM shares to drive it down to $27.75

Is that the best you bears can do? Ha!!!! You're pitiful. That type of volume should have tanked this (or any) stock.

It didn't. Iomega still up from yesterday's NYSE close.



To: Cogito who wrote (35550)11/13/1997 2:38:00 PM
From: Hyun Yoo  Respond to of 58324
 
Allen, of course things take time to develop but the origins of Clik! goes back to nHand which was announced last year. Sure, IO dumped nHand but the concepts in that product have been carried over to Clik
(sure the specs have changed but not the overall premise of what the product should do and how it should be positioned in certain markets).
I don't think its unreasonable given a time span around a year for IO to have lined up some concrete OEM agreements for this new product. I suspect the market was just not ready for nHand at the time of its announcement. I still don't think the market is ready for Clik! Clik! will serve a purpose someday but it is a nonevent for 1998. Maybe 1999 or early 2000.