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

To: RetiredNow who wrote (53453)	4/22/1998 5:40:00 PM
From: Rocky Reid	Read Replies (2) \| Respond to of 58324

OT: Infoseek (SEEK) I went short in SEEK today $33 3/4. Why? ----- 30.9 mill outstanding shares 5.6 mill float book value $1.00 Earnings (-0.93›) sales $1.31 cash $1.15 net income $24.6 Mill sales $34.6 Mill Market Cap as of 4/22/98 $1.0 Billion closing price :$32 5/8 (I'm already over $1 up in my short!) current price/sales = 25 current price/book = 32.5 using today's closing price est. earnings year end 1998 (-.16›)/share = NA est earnings year end 1999 0.27›/share PE = 120 ----- Let's see how efficient this market is in the longer run. I'm betting that SEEK's chart is going to continue to look like IOMG's chart 2 years ago. SEEK's market cap (over $1 Billion is backed up by just $34.6 Mill in sales, or a scant 3.46%). My target is $15 which will give me a profit of 55%.