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: slipnsip who wrote (42781)	1/8/1998 1:20:00 AM
From: Dale Stempson	Read Replies (3) \| Respond to of 58324

Re: Capacity and ATAPI David, I believe Iomega is still having to juggle the demands for ATAPI drives. Due to OEM qualification requirements, the transition was expected to continue into this quarter. Since OEMs are still taking priority and the transition from IDE is still taking place, there is a real possibility they could have excess capacity for one drive and not enough capacity for the other. BTW, thanks to Gary W. and others, I am now convinced that Iomega is indeed producing at the million a month rate. (Sometimes I just need more convincing than most). Thanks to those who provided feedback. FWIW - I just submitted market orders to sell about half my recently acquired AMAT and INTC positions (will even make a few bucks in the process) and will be adding to my IOM position tomorrow. It's not quite a double of my current IOM shares (a little irrational exuberance in my previous post), but when combined with what I already own, it might be enough to play in Truff's league. I'm actually hoping we see Seagate impact IOM long enough for me to get a low price. On another note, I still have to revise my earnings estimate but I can quickly ballback a new EPS of about 19 cents given the million a month rate. Regards - Dale