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

To: Reseller who wrote (45940)	1/28/1998 10:12:00 AM
From: Cogito	Respond to of 58324

>>Allen You are right my first purchase was on June 26th 1996 for $22.88 per share, 19 months. Those shares are now worth 16.25. I'm sure that Stillings is not having fun and at the least applaud her acceptance of my call.<< Reseller - I am truly sorry that you are now in a loss position, and that must be disheartening and frustrating. So even before last week's report, you were down. Since I've been in Iomega this long, I have seen the market overreact to news about them before, including the huge haircut sustained when the LS-120 was re-announced in June of '96. That was the death sentence for Zip, supposedly. It sure hurts to be back at these levels after that long painful climb to semi-respectability, but obviously it doesn't hurt me as much as it does many others. Although obviously the downside risk has increased, I believe the upside from this level is good, so I continue to hold. I sure wouldn't want to be Susan Stillings right now. Or Kim Edwards, for that matter. I can't wait to hear about that Emerald conference. KE himself will not be there, though, judging by past Emerald events. - Allen