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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (229)	6/29/1998 12:54:00 PM
From: Bill Lin	Read Replies (3) \| Respond to of 10072

I goofed in a previous post. The "charge" to earnings from the layoffs will take place this qtr Q2. The "pooling of interest" or "long term investment" acquisition of Nomai will take place in Q3. I would REALLY like to see the details of this purchase. Will IOM start producing CDRW and other storage drives? I have to believe that the $85mm IOM spent last year in building manufacturing facilities is being UNDERUTILIZED, and filling a building's capacity is a very manufacturing based solution. I'm uncertain whether to like this or not. Buying for Cash and not stock means that this acquisition should be accretive. ANyone know the financials of Nomai??? Still worried about the ROE. But still think IOM is way undervalued at $6. But still think there is more selling pressure before it finally rises into double digits. But I may be completely wrong. What is Fidelity doing with IOM positions? Confused... BL