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

To: Roland Fehrenbacher who wrote (37532)	11/26/1997 9:48:00 AM
From: jwk	Read Replies (1) \| Respond to of 58324

fwiw -- 35 is the point at which IOMG did their last secondary after the runup to 55. Longs at the time felt the secondary was the key to getting funding for the BIG Zip ramp, and that it would be done in the mid to upper 40's. After getting it done at 35, the price quickly spiked to the mid40's. From that point profit taking, an exodus of momentum players, and MASSIVE shorting set of The Great Decline. Incidently, during The Decline, KE made several comments about how the near term price was little to no interest to management. Their only focus was in building a strong foundation for long term growth. We are now seeing the results of what IOM was buidling during the lean times.