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

To: s. bateh who wrote (56548)	6/19/1998 10:07:00 AM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

Based on past day-of-disastor IOM chart peformance, IOM could close in the low to mid $5's today. But in the next couple of weeks, it will erode downward into the $4's until the next disastor pre-announcement. (Which will happen). Look people. The OEM model they are now touting means financial disastor. It means bending over and grabbing your heels to try and get drives into boxes. Iomega is not going to score a profit in the 3rd Quarter. Nor in the 4th Quarter. Nor in the 1st Q '99. Every technical indication is that IOM will be in the $3's come this Fall.