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: Naggrachi who wrote (40245)	12/17/1997 12:15:00 AM
From: Fred Fahmy	Read Replies (1) \| Respond to of 58324

* OFF TOPIC * Hi Zead, IMO, CREAF is being brutalized because it is an Asian company and people associate it with the Asia crisis. They do have some revenue exposure (though less than many other technology companies) in Asia but this should be much more than compensated for my obscene margins resulting for lower costs (since all their manufacturing is in Asia). Last quarter, this benefit was quite obvious and it should be even more so this quarter. There has been no specific negative company news although ML did lower estimates (not rating) a few pennies to take into account lower Asia revenue. On the other hand there have been many positives since the last blowout earnings. New products have been announced, two very promising strategic acqusistions have been announced and will be funded by large cash reserves on hand (i.e. no dilution). I really can't figure out the drop other that it was a major panic attack. I doubled my position at 17 7/8 and continue to see a fair value in the mid 30's. Good luck, FF