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

To: FuzzFace who wrote (41858)	12/31/1997 4:09:00 PM
From: Leo J. Capobianco, DO	Respond to of 58324

SYQT:"..The inability to raise additional cash when needed and continued losses will adversly effect the Company's ability to maintain its listing on the Nasdaq National Market. The Company's inability to maintain that listing would likely have a material and adverse effect on the market price of the Company's Common Stock and on its ability to raise additional needed capital..." Maybe if IOM releases a "great report" like this we'll see it move up!! This market is pathetic

To: FuzzFace who wrote (41858)	12/31/1997 4:10:00 PM
From: Michael Coley	Read Replies (1) \| Respond to of 58324

RE: Effect of Refurbished Drives on Financials. Has anyone thought about what the refurbs will do to Iomega's financials? According to Iomega, the refurbs had been stockpiled for 2 years and have only recently been repackaged and sold. I can think of two scenarios here: 1) Refurbs were kept on the books at cost. If this was the case, we should see a drastic reduction in inventory as these are cleared out. 2) Refurbs were kept on the books at little or no cost. In this case, we're selling products with little or no COGS, which will really help the margins. I'm leaning more towards #2, as finished goods inventory levels haven't been too high. Also, Iomega is really good about taking writeoffs as early as possible, which again points towards #2. Just a thought to consider! - Michael Coley - i1.net

To: FuzzFace who wrote (41858)	12/31/1997 4:15:00 PM
From: FuzzFace	Read Replies (1) \| Respond to of 58324

I enjoy watching a stock like IOM close on days like today. There was a tight spread with big, fairly well matched sizes on the bid and ask. Then when 4 pm rolled around, they disappeared without any significant trading, and the spread widened. It's like two armies batlling it out in the trenches 100 yards apart. Then, by gentleman's agreement, they call it quits at tea time, and both retreat to the safety of the barricades 300 yards back. One explanation is that they are day limit orders expiring unfilled, leaving the GTC orders to do guard duty over night. I suppose this is why many people say not to assign any importance to the phenomenon.