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

To: BIGSTUDLY who wrote (50212)	3/16/1998 2:57:00 PM
From: slipnsip	Read Replies (3) \| Respond to of 58324

Shocked, horrified, dismayed, and glad I didn't pile all my cash into IOM on margin........ Negative earnings..... OUCH...... Still long, unsure if willing to average down or add anything.... Then again, It couldn't get any worse could it?? :) Confused on the revenue issue. The two press releases state different things. One states that revenues this quarter will be flat with 1st quarter of 1997 (this would be very bad). The other states that revenues will be flat with Q4 of 97. Which is it?? Would be comforting to see some insiders/directors buying at this junction.. I don't think we will see any share buyback programs. Negative cash....

To: BIGSTUDLY who wrote (50212)	3/16/1998 3:05:00 PM
From: Rocky Reid	Respond to of 58324

>>What are those damn managers at IOM doing?<< They are doing the best they can in their market niche. This removable niche can only grow so far, and it is getting very saturated. Thus, the declining growth rate (now a growing loss rate). In fact, 2nd Q will be murder as the Summer computer doldrums start to take their toll. The glory days have been over for some time now. Analysts knew this, as they mostly ignored IOM. This niche will also have to make room for the upcoming Orb, which will cause big problems for Jaz1, Jaz2, and SparQ and SyJet. If Castlewood cannot ramp up Orb production quickly, SparQ will continue to steal market share from Jaz1 and Zip+. SyQuest simply cannot make enough SparQ's to satisfy demand. Rumors on the SyQuest thread indicate a massive SparQ ramp-up is about to be realized on the store shelves. This can only hurt IOM. This market niche is simply not growing enough as a whole to allow Iomega's rapid growth rates of the past. Thus, the stock price will have to come down even more from its present level, with a PE of 18-20.