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

To: sheila rothstein who wrote (44911)	1/23/1998 11:26:00 AM
From: Brendan2012	Respond to of 58324

>>They were 0.2 below analyst estimates, but should that cause a 30% drop in the stock price? Could you explain this strange phenomena? SR<< Well, I've also thought for a long time that Iomega is undervalued, but what gives us a market price are the overall expectations of investors. Obviously, there are many people out there whose expectations are reduced. IMO, this is way overdone, as usual with stocks. I believe that in 5 years we'll look back on this and think about how glad we are we didn't sell. Brendan

To: sheila rothstein who wrote (44911)	1/23/1998 11:35:00 AM
From: Dave Triplett	Read Replies (1) \| Respond to of 58324

The stock market is made up of many illiogical people.

To: sheila rothstein who wrote (44911)	1/23/1998 12:01:00 PM
From: Michael Mostov	Respond to of 58324

> I took a course in LOGIC at University and got an "A" I've learned a painful lesson a while ago - the Stock Market is not only illogical but more than that - it is anti-logical. How else can you explain the reasoning of analysts who will give stock a "BUY" rating when it is at all times high and promptly downgrade it to "SELL" as it approaches the bottom. I could never figure this out and pay attention to analysts only to the extent that I know that there are plenty of sheeps out there who are catching every word of nonsense that comes from the analyst's mouth. This sometimes causes a positive feedback vicious cycle: analyst says nonsense -> herd believes it and moves the market -> analyst seems to be right. MM

To: sheila rothstein who wrote (44911)	1/23/1998 12:39:00 PM
From: stock bull	Read Replies (3) \| Respond to of 58324

Sheila, you are assuming that Wall Street is logical...I don't believe the Street is always logical. However, I am starting to think that there are some deeper problems in the company. For example: 1) Delayed product introduction...this can be viewed as a failure to execute. 2) Competition from Sony is a greater threat then we thought. 3) Selling to OEM's cuts revenue...so volume needs to pick-up to cover the revenue shortfall. 4) Large expenditures on advertisments must product a pay back...I'm not so sure the analysts on the cc were in favor of spending big bucks on the Super Bowl. 5) The Asian and currency problems affecting future growth of the company...revenue, volume, etc. 6) KE mentioned that the company did not meet all of its internal financial goals. This is not the way to impress the analysts. Anyway, even though IOM missed the Street's estimate by 2 cents, I viewed their overall financial performance as being very good. The big question that I have is whether or not the company can continue to grow per plan and meet future earnings estimates? I don't think long term investor should bail out at this time. I am staying long. However, I now feel this is a very risky investment. The company must not fail in the execution of their business plan. Comments welcome. Stock Bull