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

To: Senthil Sankarappan who wrote (38900)	12/8/1997 6:54:00 PM
From: Mel Boreham	Respond to of 58324

Hi again, Yes I agree that IOM is a great company and I do have faith in them over the long run. They likely have many tricks up their sleeve, but this could certainly effect the price of the stock over the next several weeks or more... if it is true! Every time IOM lowers the price on the Zip disk, there will be a negative effect on earnings (standing still) but of course we know that IOM is a dynamic company and it will likely do very well with their new Clik! drive system and Buz box, etc. It could also VOID THE WARRANTY of all persons who use Nomai disks... but how would they be able to check on this? Maybe the warning would be enough tho. Still very concerned over the short term... Mel

To: Senthil Sankarappan who wrote (38900)	12/8/1997 6:56:00 PM
From: Gary Wisdom	Read Replies (5) \| Respond to of 58324

Re: Nomai news and today's action Senthil, The testers found the discs ok, ACCORDING TO NOMAI'S PRESS RELEASE. Like a press release is gospel (note: Syquest). While I do not recommend sticking your head in the sand, today's action, along with last week, is the handiwork of short sellers, nothing else. Today's lots were not small. I saw 10K, 15K, 25K, 50K lots go off all day. The reason I knew it was short sellers is that every time a big bid came up, the shorts sold into it without waiting. They were trying to drive the price down, as opposed to getting the best price for the stock. This was very obvious. IMO, it's not that we shouldn't worry about the shorts. They can make us nervous in the short term. But, we haven't seen a 4MM share day in 14 trading sessions. When we do, most likely we will see a 1-2 point gain in the stock. When the buyers come back from vacation, the shorts don't have enough money to sell all the stock the buyers want. It is easy to short when the volume is as light as it's been. Note that today's volume was the heaviest in over 2 weeks. It took that much selling pressure to drive the price down as far as it went. Stop worrying. Well, keep worrying, but stop complaining. This is why they call it a market.