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

To: Philip J. Davis who wrote (54937)	5/18/1998 11:09:00 AM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

>>So you're buying IOM on the speculation that it will go up?<< Absolutely. Iomega has proven successful in the past in being able to draw in Sucker Investors with its Hype Machine. The news and Hype of Jaz2 last Fall was very successul, and allowed Iomega Insiders to dump large numbers of their shares on the Market. The resulting crash however led to much suffering by Iomega Investors. There are several lawsuits now because of this. I am hoping that this same mentality can rear its head once again with Iomega Management.

To: Philip J. Davis who wrote (54937)	5/18/1998 12:20:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

Well, IOM and SYQT both taking a dump right now. I'm already down 1/8 point in IOM, and it looks like the price slashing is just beginning. The hard drive makers are actually Up today, so perhaps this stock price erosion in the removable drive makers is a realization that Sony HiFi and perhaps Orb are just right around the corner. If so, get out now, because the carnage will be incredible when official word from Sony is released about a HiFi shipping date. I set an IOM stop loss at $6 7/16