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

To: isdsms who wrote (37878)	11/30/1997 10:20:00 PM
From: HardMoney	Respond to of 58324

Ira Don't get me wrong ....I'd love to see close at 33.5 as long as it opens at 30 so I can buy more for my trading account. I do think that IOM will present itself at a good buy in point tomm a.m. maybe 29.5-30.5 but will strongly rally in the afternoon....there are stronger hands that hold IOM now, more instituions, hedge funds (Soros), mutual funds(FIDELITY), and with the split coming....I don't think Iomega's investment bankers, JP Morgan and H&Q and probably some other big firms, waiting for this Nomai thing to play itself out so they can initiate coverage, who have a big inventory of stock, are going to ever let this split much below $35 - $40 range...they don't want a stock in the teens too long if at all, after the split. If you understand the IOM business plan , which I believe to actually be more ambitious than we think,and realize the enormous potential growth that still exists for the Zip product line, if eventually it comes standard on all PCs...and Macs. Laptop Zip is key IMHO. It will sell itself but will also, and I think more importantly, make a Zip at the home or office an essential...The laptop shipping in my opinion is much more important for 1998 and 1999, than clik!..!!! Add in the potential for growth that will exist in the markets mind with the, I believe , slow intro of clik! And don't forget the Norton Antivirus thing...If I understand it correctly...there could be a lot of money in it. Then add another new product within a year ...(just speculating..200MB Zip...another Buz type product). What do you get.......probably a decent run up in stock price . I add to my core stock holding when ever I decide to alocate cash to longterm hold status. 3-5 years out who know where IOM could be ..but if they are successful with their business plan and conservatively, I think you gotta be looking at least at a $100 stock 3-5 years out. Maybe much more... Its a no brainer ..long term. Just MHO..... Frank