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


To: jeffrey roberts who wrote (45426)1/25/1998 2:13:00 AM
From: FuzzFace  Respond to of 58324
 
<My speculation is that Iomega had no idea what the numbers would show until two weeks ago.>

I tend to agree. But we had some signs before that. How many times did we hear how Christmas retail sales were off yet again last year? I for one foolishly thought Zip was different since I saw it flying off shelves here. But too many potential buyers waited for the after Christmas and New Years sales. It's been called a permanent phenomenon, the decline of Christmas spending sprees. If this was a major contributing factor to disappointing N. America sales, then the ratio of Q198/Q497 sales should be greater than or equal to Q197/Q496. So I will make a permanent decision about IOM when I see the Q198 numbers.

Until then, I'll hold half and maybe trade half once I see the new trading range.