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

To: Richard Smith who wrote (38356)	12/3/1997 4:39:00 PM
From: Linda Pearson	Read Replies (1) \| Respond to of 58324

The Battle of the Smiths. I just couldn't resist.

To: Richard Smith who wrote (38356)	12/3/1997 4:49:00 PM
From: D.J.Smyth	Read Replies (2) \| Respond to of 58324

here's another reason richard: a streaker was noticed running through the streets of Penang carrying a zip drive yelling "where go da rocket?". you like this one better? heck, in my less humble opinion and off-humor way any reason will do on a day like today. it doesn't matter what one comes up with. maybe the specialist couldn't find his peanut butter, jelly and jalapeno sandwich today. actually, richard, my real reason for posting the gaming article was to compare trading in the market to running a slot machine. it looks as if the buyers of anchor gaming lost on their last coin toss 15:36 DJS Chipmaker SGS-Thomson's Shares Down On Disk-Drive Oversupply Woes 5:36 DJS Chipmaker SGS-Thomson's Shares Down On Disk-Drive Oversupply Woes By Thomas Granahan Staff Reporter NEW YORK -(Dow Jones)- Ongoing concerns about the abundance of disk drives world-wide is probably behind some of the weakness in the shares of chipmaker SGS-Thomson Microelectronics NV. While technology stocks were generally weaker in Wednesday's trading session, SGS-Thomson's NYSE-listed shares (STM) were being hit particularly hard. At the close, the stock was down $4.313, or 6%, at $65.25 on volume of 439,800, compared with average daily volume of 196,000. On Tuesday, shares of the France-based concern shed $5.375, or 7.2%. Cody Acree, an analyst at Southwest Securities Inc., said the biggest independent issue facing SGS-Thomson is its exposure to the disk-drive market, which makes up a decent portion of the company's business. "Right now the disk-drive industry is extremely oversupplied, and you'll probably have that situation for the next two to three quarters," Acree said. "The drive industry is going to have to work out that inventory." Additionally, tech stocks have been battered recently by a spate of negative news from some large players in the industry, the latest from 3Com Corp. (COMS), which said late Tuesday it will miss fiscal second-quarter earnings estimates by a wide margin as it pares its inventories. Also this week, Altera Corp. (ALTR) said orders were weak in the second half of November, and Western Digital Corp. (WDC) said it will take a larger-than-expected charge in its second quarter because of oversupply and higher-than-normal competitive pricing pressure. Acree also said the digital set-top box market isn't improving at the pace some observers may have expected. SGS-Thomson makes chips for set-top boxes used in digital television services. "As long as these two sectors (disk drives and set-top boxes) are weak, SGS is at risk," Acree said. But he also said the disk-drive industry is seeing good sell-through, adding that when the industry does recover, SGS-Thomson will be well-positioned to capitalize. "We haven't turned extremely bullish (on the shares), but the stock is getting very attractive," Acree said. "I think long-term investors will be fine." A spokesman at SGS-Thomson said the company had released no corporate news, and declined to comment on the stock activity. Copyright (c) 1997 Dow Jones & Company, Inc. All Rights Reserved. 12/03 3:36p CSTEOF