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


To: Brent D. Beal who wrote (40442)12/18/1997 10:51:00 AM
From: the Druid  Read Replies (1) | Respond to of 58324
 
Buy, buy, buy.

I heed your order. Just bought at 24 5/8.

What is the reason for the -2 action today?

1) delay of 2GB for one quarter?

2) 11m Zip drive?!

3) General market down?



To: Brent D. Beal who wrote (40442)12/18/1997 11:09:00 AM
From: Kunal Taravade  Respond to of 58324
 
Here we go again. This is certainly a disappointment, especially in this market. Iomega has a history of postponing product introductions. While this is sometimes understandable, making a habit of it can be extremely negative for investor confidence. I will not be surprised if we see the same thing played out over Clik!

Unfortunately, even if the earnings are a blowout (which is very possible), any positive impact may be negated by events such as these, and we will all be left scratching our heads as to why the stock is not taking off.

Best Regards,

Kunal