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

To: Brendan2012 who wrote (56620)	6/19/1998 8:51:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

>>I guessed today's close right :)<< Yes you did. Congrats. I think. IOM could attempt to fill the gaps maybe up to $6 1/8 or so. But it should also continue its trend of drifting down afterwards. IOM already pierced down below the $5 barrier to $4 3/4 today. People are willing to sell at that level. After this Q, the next Quarter is also supposed to be a loss. IOM will most assuredly not have a PE ratio come October. Also take heed of what Sierk has been saying lately. He is warning everyone. He is claiming Iomega is moving towards an OEM model. The OEM model means low low margins. And Iomega has relied on high margins for years now. Sierk could be dropping clues that rough times are still ahead, and more announcements like yesterday's are to be anticipated.