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


To: Gary Wisdom who wrote (35575)11/13/1997 3:26:00 PM
From: Michael Coley  Read Replies (1) | Respond to of 58324
 
Are the Nervous Nellies gone? IOM appears to be heading back up now on relatively low volume.

Glad I held on. I'm going to keep holding

- Michael Coley
- i1.net



To: Gary Wisdom who wrote (35575)11/13/1997 3:36:00 PM
From: John Kratus  Respond to of 58324
 
Gary, you are a gentleman and a scholar.

I like stocks like IOM, because I KNOW that they are going to eventually go up. A lot. But that doesn't mean that I have to stay fully invested during every tumble.

The conventional wisdom is that trading in and out of stocks is a losing game. BS! That was before the days of instant communication and the web. Until I got a modem this year, I was an average investor, relying on the following days' Wall Street Journal to tell me what my stocks did the day before.

But this year I trade on average twice a day, and I'm up 87% since December 31, 1996. SI has been invaluable.

So today, I made a little money on IOM at the open, sold it, bought it back, and now I made a little more.

I still have lots of faith in the company.

John

BTW, you might want to check out a little company called Ionics (ION), whcih follows Iomega in the WSJ. The company is in the water purification business, and it has had increased earnings for something like 40 quarters or more. The stock has fallen all year for no particular reason, and I think it's primed.



To: Gary Wisdom who wrote (35575)11/13/1997 3:37:00 PM
From: Dwight Griffin  Respond to of 58324
 
<<Lest we forget, we hit 10 MM yesterday and have a huge backlog going into the current
quarter.>>

Gary - I think you've hit the nail on the head with this one! The announcement of 10MM within a month of 9MM is lost I think in the flurry of announcements on CLIK!!

Estimates for this quarter all already over 30% higher than Iomegas best quarter ever. I wouldn't want to raise that bar even higher by expecting them to "crush" those estimates. If we can meet those already lofty estimates, then I believe this company will continue to slowly convert the investment community.

With respect to CLIK!, I doubt that analysts had any revenue in their forecasts for 1998 prior to todays announcements - so the delay in implementation should not affect estimates. Any revenue in 98 will be gravy - and should this thing really take off, the stock will take off as well!!! :)