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

To: stock bull who wrote (43630)	1/16/1998 8:47:00 PM
From: slipnsip	Read Replies (1) \| Respond to of 58324

<David, do you think that IOM's stock performance is driven by the foreign stock markets? Don't you think that the S&P futures is a good indicator for the US market's opening the next morning?> I do believe that the foreign markets have an effect on IOM's stock performance to the degree that if the institutional money managers are running scared, they are usually not willing to stick money into a company that A) either they do not understand do to lack of research or understanding. B) Others consider to be a high risk company or internet hype stock. These others would be either other money managers or shareholders/individuals. Money managers can justify losses in "big name, safe stocks", but it is difficult to justify a loss in something more speculative. I do not believe that IOM is a speculative investment, but many do including the financial presses. Or at least that is the perception I have gotten after reading them ALL. Consequently I believe that the foreign markets are having an the affect of supressing IOM's stock price performance at the moment. As a long term investor in IOM I don't mind, it gives me more of an opportunity to add to my position as the story improves. Thus when the investment community views the markets in general in a more favorable light, we will be justly rewarded. Time is on my side. To the second part of your question concerning the S&P futures, yes I believe that they are an excellent indicator for how the US markets will open the next morning. I do not see anything but a positive impact on earnings for IOM from the Asian crisis. How much only time will tell. How well was IOM hedged prior to the debacle in order to insulate from currency swings? I couldn't begin to guess, but you can bet they were hedging against adverse swings which will limit their total benefits.