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


To: Reseller who wrote (52782)4/16/1998 8:33:00 PM
From: Gottfried  Read Replies (1) | Respond to of 58324
 
Reseller, you said >Staying long liking what I'm seeing.<

Coming from a guy in the front lines, this statement
is encouraging.

GM



To: Reseller who wrote (52782)4/16/1998 8:37:00 PM
From: robert read  Read Replies (2) | Respond to of 58324
 
there is no other way but up from here, this is the bottom, these bad earnings have been factored in, iomega is down because some people thought that it was going bankrupt. instead zip sales are strong. OEM sales are booming, zip well on the way of becoming the floppy replacement, on this point the picture is clearer now. Why bother about being a penny short for the quarter, just focus on the future that's what counts.

As for tomorrow i think iomega is going up. Institutions which own about 30%(about 78 million shares) are accumulating not selling. Look at the anemic trading after hours today, and the bid is at 7 3/4, that means something.

i sold some today and i am buying back tomorrow. this is going to be a great year. lots of good news. yahoooooooooooooooooooooooooooooooo!!!

BTW where is the 30% drop in after hours trading? it's time to buy stupid!



To: Reseller who wrote (52782)4/16/1998 8:57:00 PM
From: Kashish King  Respond to of 58324
 
Oh, it's know surprise that you're painting a pretty picture but you also dismissed that which the company itself later admitted to albeit in an understated fashion: wretched quality. They can pull the wool over Johnny Public's eyes and make his problems appear to be some sort of personal experience; OEMs are a whole different ball game and they're just about sick and tired of blowing a hole in their respective budgets because unwitting customer just has to have a Zip drive. Unless and until they get their brains around that problem there is little hope.



To: Reseller who wrote (52782)4/16/1998 11:16:00 PM
From: Naggrachi  Read Replies (3) | Respond to of 58324
 
<<First quarter revenue of $408 million !.. I didn't expect sales to be so strong and with confirmation that these sales were sell thru sales not sell in sales.<<

Resseller, I've been saying this all afternoon. I didn't expect their top line to be so strong, period. $361 to $370 was the most that I expected. If not for the marketing this Q would have been rather postive given the general state of the storage if not the pc industry.

Zead