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

To: Chu who wrote (57303)	7/18/1998 3:04:00 PM
From: Ron Overs	Respond to of 58324

Dear Chu -- You have confirmed my worst fears about IOM -- and did so, so cleverly that I think that the future is definite for the Company provided they continue to exist. Not only that, I predict that every word you wrote will be quoted whether the stock goes up - down or even if it is the same price for several hours. My hearty congratulations on your Orwellian foresight. Long on IOM,--- maybe. Regards,

To: Chu who wrote (57303)	7/20/1998 10:16:00 AM
From: Hunter Vann	Respond to of 58324

Companies with really high PE's like Iomega and Amazon.com are overvalued and their stock price is likely to drop to zero. Basing one's purchase decision based soley upon one indicator is absurb. If you've fallen into this trap and shorted AMZN, you've lost bad....really....really bad. To put AMZN's lofty valuations into perspective, here's an intersting little tidbit of information. It took WalMart 12 years and 78 stores to hit 168 million in annual sales. Amazon hit 148 million in its 3rd year and should hit 460 million in its 4th year. They are the 3rd largest book seller in the world, selling an average of 57,000 books every day in the first 90 days of '98. If you've based your non-purchase decison based upon AMZN's P/E, you've missed the boat...