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


To: Bill Lin who wrote (51328)3/26/1998 1:54:00 PM
From: s. bateh  Read Replies (1) | Respond to of 58324
 
On the other hand they could come in at closer to the 10-15mil mark....and say that in the last few weeks of the qt. sales have picked up and have continued through the 1st few weeks of april...and say that they are comfortable with the 2nd qt. estimates...etc..and that the jaz2 shipped in mid volume and has picked up to heavy volume and that the jaz1 sales exceeded what they planned etc.......and after all that 7 would be a thing of the past....never know!



To: Bill Lin who wrote (51328)3/26/1998 2:08:00 PM
From: Rocky Reid  Read Replies (3) | Respond to of 58324
 
Declining stocks

It's important to realize that if one thinks it can't get any worse, it usually does. I took a hit last year with WDC. The rationale for staying in it on the way down was easy to understand. It was that it just couldn't go any lower. But it did. It's PE dropped from the 20's to 12 then to 5.

The lesson I learned was to not be afraid of getting out of a losing position if there are no sure signs of a turnaround anytime soon. Iomega is in such a situation right now. Don't be afraid to make a fresh start somewhere else.