Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KM who wrote (41958)	1/2/1998 10:29:00 AM
From: Kashish King	Respond to of 58324

I check in periodically and DIMD is in a slow downward sprial, again.

To: KM who wrote (41958)	1/2/1998 12:53:00 PM
From: Brent D. Beal	Read Replies (3) \| Respond to of 58324

Some comments--hopefully you can reassure me: 1) If this were any other stock I'd wouldn't touch is with a ten-foot pole with the way it has been behaving--in my experience when the future looks bright, as it does for IOM, but the stock price just keeps sinking (all the drive makers are up today, IOM is down--I know, I know, IOM isn't a drive maker, but you get the idea), there is something rotten in Denmark. . . 2) Earning may be great this quarter, but doesn't the whole world know this--even a moron, or worse yet, an analyst should be able to figure out what type of quarter they're having so I'm assuming that it's built into the price--also built in must be some fairly significant worries about the company's longer term prospects or it wouldn't still be at 12 and change. . . 3) Back the drive makers, if IOM is only afforded the kind of p/e that has historically existed in the drive sector, then the price may not move up significantly until IOM reaches about $1.50 in earnings something more than a year from now. . . Now on the bright side. . . Wasn't there a mention of how there were some worries about IOM's earning next year on Wall Strett on CNBC the other day--this leads me to believe that maybe the analysts are even bigger idiots than I thought--it seems to me the margin on the retail Zip+ are huge compared to what they are on OEM sales. . . Then there's the disks, etc. etc. Sales look strong. . . Now products are on the way--although the delays are getting annoying. . . Oh well, just babbling. . . But seriously, aren't you a little worried about the stock price?