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

To: Dale Stempson who wrote (50456)	3/17/1998 5:10:00 PM
From: Michael M	Read Replies (1) \| Respond to of 58324

The market's geared for IOM to come up $25MM short in Q1 and has priced the stock accordingly. Today's WSJ and CNBC and Moneyline yesterday all led with, IOM will lose $25MM. In FACT, IOM said it may lose $10-25MM in the quarter. IMO, there is no way they will lose MORE than $25MM. It is also my opinion that the real projected loss is much closer to $10MM. Further, with two weeks left in the quarter, I would not be surprised to see the loss smaller than $10MM. Next month, I fully expect to hear CNBC report....."Iomega shares are up 20 percent today after the company posted a much smaller than expected loss for the first quarter. Analysts had been predicting a shortfall of $25MM." OR, should I worry that they might say, "Iomega shares are getting hammered again today. The company's hoped-for loss of $10MM was exceeded by 50 percent. Analysts have complained that the firm's earnings guidance is unreliable." #!!&*X%&@$ journalists! If this thing looks half way stable in a day or two, I'm getting some. Last time I bought a stock this hated (AMD for 7 and change in 92 right after an unfavorable court ruling) it turned into a 4+ bagger in nine months. Come Onnnnnnnnnnnnnn, CLIK!