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

To: Senthil Sankarappan who wrote (50262)	3/16/1998 6:47:00 PM
From: Rational	Read Replies (3) \| Respond to of 58324

Most block sales and buys (as large as 950,000 shares) have been done today. It seems the price was settling at $8 in the morning (this was the price at which many insiders recently bought), but more panic sale ensued. Purely from a supply-demand point of view, the stock will move up a little, unless more skeletons are revealed in IOM closet (which is unlikely, given the insiders purchases). IOM was shooting for a profitable quarter via heavy advertisement; but macro-factors (like Asian problems) did not generate the extra sales they were targeting; they in stead landed up with the advertising expenditures. It was simply a bad calculation (with hind sight) which may not persist. JMO.