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

To: robert read who wrote (54726)	5/14/1998 9:40:00 AM
From: Hunter Vann	Read Replies (1) \| Respond to of 58324

Smart Money Magazine.... Bear: Rick Berry, Argent Securities A feared Worldwide slowdown in PC sales also affects sales of peripherals for those machines. This won't help the company gain the earnings ground it needs to boost the stock price. Former CEO Edwards was the architect of the company's 1996 boom. He took a sleepy multimillion-dollar company and made it a multbillion-dollar one. Now he's gone. The period of dominance for the Zip drive is over. Price and performance competition, most notably from Syquest Technology's SparQ drive, will prevent Iomega from regaining total market control. Bull: Daniel R. Kunstler, J.P. Morgan Securities The stock is trading at a very low valuation. Any past distribution or customer service concerns are already factored into the stock price. Interim CEO James Sierk is no six month, lame-duck chief executive. He is a specialist in quality control, service and reliability, areas the company needs to improve. These are not the strengths of recently departed CEO Kim Edwards. The Zip drive could still eventually become the industry standard. It's not yet the Windows of PC data storage, but the growing natural reflex of computer manufacturers is to include a Zip as standard equipment in desktop models.