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

To: Cogito who wrote (45523)	1/25/1998 12:03:00 PM
From: Dale Stempson	Respond to of 58324

Allen, Wow! Thread posts are exceeding Zip unit sales this weekend. FWIW: I remain long IOM. The report and CC hurt, but were not as terrible as the price drop would indicate. Just think, without the delay in products and the Asia situation, Iomega would have blown through all the estimates. So we all lost a bundle and it will take some time to get back to normal. I'm sure many of us learned a lot these past few days as well. I just spent a few minutes reviewing IOM as I would a new investment. Other than the new concern about the 100MM in spending this year, the company remains in a great position to continue growing sales and earnings. I won't be adding to my position because it is already larger than I'd like, however I won't be selling either. It will be interesting to see how long it will take for the thread to calm down and return to a more normal activity level. Regards - Dale