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

To: the Druid who wrote (51339)	3/26/1998 11:18:00 PM
From: MarkM	Respond to of 58324

You're absolutely right. I bought IOM at $29 a few months ago, (equivalent to $14.5 after the split, in todays terms). Then it plummeted. Then it rose steadily to about $10.5. I took stock of my situation ... my compaq was up and my IOM was down, they cancelled each other out and I saw no immediate future in IOM, so sold it at about $10.45, right at a local high. I made the hard decision to stop out at a major loss, but did the right thing. I see no future in IOM until a new CEO is appointed, and only that person inspires the vision and confidence that IOM desparately needs. I think it must continue to slide until major issues are resolved.