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

To: Ken Pomaranski who wrote (42964)	1/9/1998 1:35:00 PM
From: sheila rothstein	Read Replies (3) \| Respond to of 58324

Ken, I was sorry to see that you bailed out of IOM yesterday. I still think IOM is a phenomenal co. and that stocks do not go up in a straight line. As you can see it's impossible to time the market and external forces (Asia) could have a significant impact on U.S. stocks. However, I do not think the U.S. government or Pres. Clinton will allow Asia to drag us down. The Asian Tigers will be forced to correct their banking system, their ways of doing business etc. When the dust settles, probably in a month or two IOM will come out a winner. It will be very interesting to see the 4th Q earnings soon and then beyond. I think we're all in for a big surprise. SR

To: Ken Pomaranski who wrote (42964)	1/9/1998 2:40:00 PM
From: Rocky Reid	Read Replies (3) \| Respond to of 58324

<< Why is CLIK is a BAD idea?? >> I don't think it's a bad idea in itself, it just doesn't fit the bill that Iomaniacs hope for. The No.hand technology was soundly rebuffed with no offers to use it by any company. So far, Vapor! too is suffering from this fact. I think that the Vapor! drive is set to roll now. But Iomega will not roll out this little battery-drainer until it has several OEM contracts under it's belt. Releasing Vapor! without any solid OEM's would be just another embarrasement for the Roy, Utah outfit. Iomega has said that Vapor! will be coming out in "Second half of 1998." Iomaniacs hope for July 1, 1998. But I insist that Iomega will wait till at least late November or December, if in 1998 at all. Those hoping for a Vapor! revenue shot in the arm will be very disappointed this year. The current stock price does indeed account for all of the good news that IOM can deliver. Its P/E is still about 35 at present prices. Compare that to other drive stocks like WDC with a PE around 5, and you can see where IOM can be headed. I am aware that WDC and IOM are different market segments, but a lot of traders, (yes even big-wigs), are not aware that one can differentiate between the two. All that matters is that the price keeps going down. And down. And down. This IOM split was one of the most horrible management mistakes I've ever witnessed. They gambled. Iomaniacs lost.