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

To: Cogito who wrote (40549)	12/18/1997 3:40:00 PM
From: Dale Stempson	Read Replies (1) \| Respond to of 58324

FWIW, My third and final buy limit hit today at 24. I've now recently bought this "falling knife" at 28, 26 and 24 in like quantities for an average basis of 26. I was tempted to lower my last bid this morning after the Jaz2 press release however I felt that most IOM followers were not factoring in these potential sales for this quarter. It appears from the analyst's comments posted earlier on the thread, this seems to be correct. So, the reaction to the news at a time when the SEA situation has everyone spooked and when IOM has been consistantly been moving lower seems reasonable but overdone to me. I obviously decided to stick to my original plan and take the opportunity to average down. I have no more cash allocated to purchase IOM and am willing to play this out from here. Investors will soon be looking harder and harder for companies who can continue to grow and expand earnings throughout these troubled times. I believe Iomega will come through this quarter, and when they do, there is likely to be more interest than ever, (I hope). Regards - Dale