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


To: robert read who wrote (51511)3/28/1998 3:01:00 PM
From: Rational  Respond to of 58324
 
Observe also that some small funds that could completely get out of IOM would have gotten out to do their standard "Window Dressing." These funds would like to show their clients that as of the end of this quarter they did not have a lousy stock like IOM. After mailing out the brochures (without IOM as of Mar 31), though, they will load up; this may start this Monday since settlement now on will be after April 1. Thus, the coming week should be an up-week unless some bad news is released. There will also be bargain hunters this week.

Sankar



To: robert read who wrote (51511)3/28/1998 3:26:00 PM
From: sheila rothstein  Respond to of 58324
 
Robert, could you tell me who fast Freddie is? I do agree with him. The institutions are way smarter than us. They sold in the 30's(pre split) waited till it got back down to 7 and then they'll load up the truck. After they've done that they'll put out a buy and dump their position. Pretty typical scenario. SR



To: robert read who wrote (51511)3/28/1998 3:33:00 PM
From: Brendan2012  Respond to of 58324
 
>>I also hear that the Demand for the product
exceeds the supply available<<

I believe this is just not true. Iomega announced that sales have been lower than expected and inventories are up--demand cannot exceed supply in this case. Last fall, yes, but not now.

Brendan