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


To: John Alan Wallace who wrote (54703)5/13/1998 5:36:00 PM
From: Rocky Reid  Read Replies (1) | Respond to of 58324
 
tic tic tic

And the time invested in this stock just keeps ticking away. A paltry 1.75 Million shares traded today, underwhelmed only by yesterday's miniscule 1.6 million share volume.

The waning interest in this stock is indicative of a company on rapid decline, and signals to Mutuals Funds that time, technology, and investors are passing Iomega by. Why should they be interested in a stock like this?

Zip? About to be decimated by Sony HiFi.

Jaz? SparQ ramp-up is hurting it and Castlewood Orb will finish the job.

Vapor!? Please. You can get 42MB Flash Card for $220. By the time Vapor! is released, it will be below Vapor!'s $200 for 40MB. By the time any OEM's can design and ship any devices that include Vapor!, (maybe a full year's time), Flash prices will have continued to be slashed. This bars any new radical technology advances that seem to occur monthly in the Flash Tech sector.

Iomega is dying a slow, agonizing death- an agony that its investors seem almost to relish in while lying in this $7-$8 coffin of a stock.