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

To: Trakker who wrote (36320)	11/18/1997 3:52:00 PM
From: Rocky Reid	Read Replies (4) \| Respond to of 58324

>>Correct me if I'm wrong -- did you say Syquest insiders are selling in order to gain a point or so before there stock takes off? And that would make you feel good as an investor?<< OK, You're wrong. They are selling their shares now at 3 3/4 to gain a 150%+ profit compared to selling it at a probable post-dilution price of ~1 1/2. This valuation would put its market cap at around $360,000,000. If it moves up to 3 (a 100% profit), it's market cap would be $720,000,000. Still within reason if sales come in strong for the new products, and well below Iomega's current market cap of over $4 Billion. Would it make me feel good as an investor? No. That is why I hold no position in SYQT. When it hits my price target, I'll consider buying. Don't forget that the Street seems always willing to give SYQT the benefit of a doubt. They offer no such luxury to IOM.