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

To: Bill Fischofer who wrote (44642)	1/22/1998 9:37:00 PM
From: Linda Pearson	Respond to of 58324

Bill, <The term thin refers to liquidity, not volume. > In watching all the trades after the official NYSE close, it was pretty obvious that those who wanted out were getting out, with not too much committment by the buyers before the conference call.... The door just wasn't big enough..the prices were all over the place especially after the Pacific market closed. Be careful about making emotional judgements about what was said in the conference call. Rare is a company that doesn't have a rough quarter. To those who want to gloat about this, you obviously don't know what it feels like to lose hundreds of thousands of dollars... If you were short today, or had made a good investment call...good for you. Please be constructive. I haven't heard that Iomega is going out of business--not just yet. Now to listen to the conference call. Linda

To: Bill Fischofer who wrote (44642)	1/22/1998 9:43:00 PM
From: Y. Samuel Arai	Read Replies (2) \| Respond to of 58324

> One more comment about after-hours trading, however. The term > thin refers to liquidity, not volume. Because there are > relatively few participants in after-hours markets the only way > to move a sizeable amount of stock in a thin market is at a > substantial discount or premium to the regular market price > (depending on whether one desperately wants to sell or buy). > Obviously someone desperately wanted out of their IOM position > after the close and paid dearly for the accommodation. Until > normal trading resumes at tomorrow's open we have no way of > knowing what the real reaction to earnings will be. Yes...and unfortunately it could do the same thing ORCL did after their bad earnings...fall further below the after-hours trading range (Closed Dec.8th at around 32 1/4, quarterly announcement was made, after hours traded around 27, opened Dec.9th around 24 and closed below 23. They are now at 19 and change.)