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


To: Neil_L who wrote (43764)1/17/1998 4:26:00 PM
From: Gary Wisdom  Read Replies (5) | Respond to of 58324
 
Re: acts a leverage (much like debt) when the naysayers are eventually laid to rest.

Neil,

As you probably can tell, I am 100% an Iomega bull. This is a great company.

But, know this. Iomega will never take off unless one or a combination of the following things occur:

1. They receive a takeover bid.
2. Institutions start really accumulating the stock like they did over the summer (and even that rise wasn't spectacular i.e. Rambus)
3. The momentum players really get into the stock.

Unfortunately, until those things happen, we'll have to be satisfied with the stock doubling every 12 months. Yea, I know that sucks. But think of the alternative: you could be a Syquest investor and lose half your money in 3 months.

We'll get there, albeit a little slower than we all would like at times. Remember, the tortoise always wins the race.