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


To: sheila rothstein who wrote (47813)2/13/1998 4:30:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 58324
 
Here's something to make you all feel better.

On Thursday, January 22nd, Iomega closed at $9 1/64. Three weeks, plus one day later, it's at $9 1/8. It's taken 22 days for it to "rebound" 7/64.

On Thursday, February 13th, Syquest closed at $2 9/16. It's taken them one day to gain more than Iomega has gained in three weeks.

I haven't figured out the average price of the shares I've sold in those three weeks. But, I am sure of one thing now: it is higher than $9 1/8. And that's including those shares I had to temporarily barf up due to the now infamous margin calls.

Lesson to be learned: Invest in Syquest. They may be financially bankrupt, but at least their management is definitely maximizing shareholder value.

Have a good weekend all.