Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sheila rothstein who wrote (38246)	12/2/1997 10:02:00 PM
From: Herb Fuller	Read Replies (1) \| Respond to of 58324

All , Re:>>Cabot says Buy IOM<< Snip: IOMEGA (IOM 32 NYSE) - On July 3, 1996, we sold Iomega from the Model Portfolio, nailing down a six-month profit of 178%.ÿ The price was 29. Today, at 32, the stock has finally broken out above that level.ÿ And the RP line is positive, though still below its all-time high.ÿ Iomega, of course, is a bigger company now.ÿ Sales may top $1.7 billion this year. But the key investment theme remains intact. . . . .Iomega is making a revolutionary change in the field of removable data storage.ÿ Its 100MB Zip drive has become the standard.ÿ Its 1GB Jaz offers even more space for those who need it.ÿ And the repeat sales of cartridges to users who need more and more storage (all of us) bring great recurring income. Furthermore, profit margins are increasing! Telephone 801-778-1000ÿ web site iomega.comÿ BUY. IOM FY Dec Sales $mill. Earnings $per sh. 1993 147 (.15) 1994 141 (.02) 1995 326 .07 1996 1212 .43 1997 est.ÿ 1650 .89 Snip: