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

To: David S. who wrote (47660)	2/12/1998 7:08:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 58324

Jeff, A newbie I'm mostly an occasional lurker here now....But just picked up 7K? I've owned IOM several times in the past....its always been a short term investment for me. It has always proved a good invest in the $15 range. I'm a little nervous this time around...I jumped in a late/early @ 9 3/8 thats pre split 18 5/8??? I have been out since Nov. Sorry I didn't jump back after the big drop immediately? I knew it was over done. Now this is feeling like APM to me????I hope not! But it seems to be under accumalation now??? afterhours trading and overall weakness has me very nervous. Jeff

To: David S. who wrote (47660)	2/12/1998 7:57:00 PM
From: Gemini	Respond to of 58324

David, And speaking of "drops" post-split, the Motley Fool had a few foolish but true words this evening. "What was with the volatility in Iomega's (NYSE: IOM) shares today? It was down nearly 6% at its lowest point before closing down 0.65%. Hey, Iomega, good idea on the split! Not. Why didn't they just get an authorization from shareholders to increase the share authorization? I think a $9 stock price is embarrassing,actually. Also, why is the company spending so much on advertising? I thought the plan was to get OEMs to adopt the Zip as a standard. I personally don't understand Iomega any longer and I think that too many companies, 3Dfx included, put way too much stock in Intel's strategy of branding the CPU. Intel branded the CPU after they had won a technology lock-down, not before." Comments anyone, Allan