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

To: sheila rothstein who wrote (50867)	3/21/1998 2:10:00 PM
From: Rocky Reid	Read Replies (3) \| Respond to of 58324

Sheila, I celebrate no one's losses in IOM. (save one a**hole on the Yahoo thread). Please do not mistake my happiness about IOM's decline as a lack of respect for the vast majority of IOM investors. I am making money as IOM goes down, and I am happy about this. Let me ask you this- would you be as "sensitive" towards me and my short position if IOM stock were to all of a sudden go to $20/share on Monday? I think I would be hearing the "Hurrah's!!" all the way down during my leap from the Williamsburg Bridge. IMO, if one is taking personal offense at negative comments about a stock, then that is the time to get out of it. An emotional attachment to a stock is obviously a very dangerous thing. And IOM is a stock that is very easy to get emotionally attached to. A great many people are drawn to the very seductive story behind the Iomega name. But sadly, the story is not panning out exactly like they said it would.

To: sheila rothstein who wrote (50867)	3/21/1998 3:17:00 PM
From: Rational	Read Replies (2) \| Respond to of 58324

Consensus estimates after the IOM announcement are out at IBES (Yahoo! and Zacks have not updated yet): quicken.excite.com 1998 earnings are 44 cents and 1999 earnings are 61 cents with a 40% growth rate. Thus with a PEG of 1, the P/E should be 40, which gives a target price of $0.44 x 40 = $17.6 per share. On the insider buying, I now believe that the IR person did not clarify that the increase was mainly due to the split. There have been some buying, but, obviously, not as much as 10M. Thanks to those who posted more information on the filings of proxy statements. Sankar