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

To: KM who wrote (40449)	12/18/1997 11:08:00 AM
From: Herb Fuller	Respond to of 58324

Trufflette , Re:>>a falling knife<< It looks like a falling cleaver has been used on IOM this morning . This action is Probably options related . ( Just a guess ) Herb

To: KM who wrote (40449)	12/18/1997 11:09:00 AM
From: Rocky Reid	Read Replies (2) \| Respond to of 58324

Evidently the rumors I told you all about, that are circulating around the brokerage houses, are really getting around now. These rumors indicate that Iomega will miss their numbers, and that Zip sales have peaked. Numerous Street rumors about IOM have been accurate in the past, the last one being that Zip was having production problems during the Summer. The Jaz2 delay was already factored in before today. It is basically a non-event, as it is not expected to be a big hit in the market anyway. There is just too much competition in the high-end now, and the $650-$750 external price is just outrageous in these times of $199 1 Gig drives like SparQ. I warned of a price drop like today's, and expect this action to continue.

To: KM who wrote (40449)	12/18/1997 11:17:00 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 58324

This may just be an effort to drive the price down today and tomorrow so the pre-split shares can be picked up for a song.... knowing that the post-split will soar and the leverage effect will double the profit. Also look at the number of DEC PUTS in the money right now... there are almost no DEC CALLS in the money... 13,620 vs 233 contracts Ben A.