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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (3014)	1/23/1998 11:28:00 AM
From: Trebor	Read Replies (1) \| Respond to of 42834

I really don't understand why Iomega got slammed like it did -- from $13/sh to $9 in after-hours trading, all because it missed it's estimates by a penny. I bought yesterday at $12.75 in anticipation of the stock moving into the $13-$15 range today. Bought more this morning at $8.75, thinking there's got to be a bottom here somewhere.

To: Kirk © who wrote (3014)	1/23/1998 10:04:00 PM
From: Investor2	Respond to of 42834

NEW YORK, Jan 22 (Reuters) - Shares in Iomega Corp fell in pre-opening trade Friday after the computer storage company reported fourth-quarter diluted earnings of $0.13 a share. The company's shares were trading at 9-1/8, down from a Thursday closing price of 12-12/16. The shares had fallen in after-hours trade to 9-63/64. Iomega reported Thursday that its fourth-quarter earnings were up from a year ago but they appeared to fall short of Wall Street estimates. Consensus Estimates This Quarter (Dec 97) 0.16 This Year (Dec 97) 0.45 Next Year 0.63 Best wishes, I2