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


To: Iceberg who wrote (56412)6/18/1998 5:24:00 PM
From: prashanth  Read Replies (4) | Respond to of 58324
 
I am not sure why this is happening, but IOM is trading at 6 13/16 after hours. Is this an aberration, or could the layoffs have been viewed positively? I doubt that release could be construed in anything but a negative way. Any thoughts?



To: Iceberg who wrote (56412)6/18/1998 5:24:00 PM
From: Brendan2012  Read Replies (2) | Respond to of 58324
 
Get real about tomorrow's stock price, everyone--yeah, the larger than expected loss is bad news, but the cost cutting is long overdue, and will be viewed as a positive. I'll guess the close tomorrow will be 5.5.

Anyone thinking of selling: Don't sell at the open--sell after things cool off a bit!

Brendan



To: Iceberg who wrote (56412)6/18/1998 5:24:00 PM
From: Linda Pearson  Read Replies (1) | Respond to of 58324
 
Ice,

<The timing of the announcements, and being "unavailable for trading" is consistent with the lowest of low cockroaches, IMO.>

I am grateful that there is no afterhours trading. The only thing that would happen would be the knee-jerk reaction that would drop the price heavily.

Anyone for a drink??

Linda




To: Iceberg who wrote (56412)6/18/1998 5:25:00 PM
From: KM  Respond to of 58324
 
Wonder if the Motley Fool will take it out and shoot it now. They're ridden it down from 55.

Yeah, I'd pay for their investment advice!