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

To: Linda Pearson who wrote (40638)	12/18/1997 8:08:00 PM
From: Brendan2012	Respond to of 58324

Damn have I lost a lot of money lately! I hope IOM stops dropping and goes back up soon! Zip disks have proven to be very useful to me lately, BTW. Many of the computers on campus have Zip drives, and I've needed the space for a paper with many images. I could use the net to store my stuff, but it's more difficult, and the quotas here are a paltry 4.5MB Brendan

To: Linda Pearson who wrote (40638)	12/18/1997 8:14:00 PM
From: Maverick	Read Replies (1) \| Respond to of 58324

The Motley Fool's spin on today: fool.yahoo.com Iomega Corp. (NYSE:IOM - news) fell $2 1/2 to $24 after yesterday's news that a French court had lifted its preliminary injunction against Nomai, whose product Iomega had claimed infringed upon Iomega intellectual property. Furthering today's decline, Iomega announced that it has pushed back the release date of its two gigabyte Jaz drive, which worries those who remember heat glitches with the one gigabyte version. As far as this affecting quarterly numbers, analysts weren't expecting the new Jaz to play into fourth quarter EPS growth of 58%. With analysts estimating 39% EPS growth for the coming year and the company's stock priced at 34 times trailing EPS coming into the day, a new product's rollout deviating from company plans isn't exactly the first thought that comes to a shareholders' minds when they think about stock price appreciation. As I recall, The MF remains (despite the "disaster" on NASDAQ) IOM's number one fan. They're blaming it on the combination of the two releases. They make a good point. I can see how the casual observer would overreact to this. Once the drop started, everyone thought the sky was falling.