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

To: David S. who wrote (57365)	7/27/1998 6:15:00 PM
From: Rocky Reid	Read Replies (2) \| Respond to of 58324

Well, today's IOM recap features another dip of 1/16 down to $5 1/2. With no planned hype event like PC Expo or Comdex or earnings coming up, what is going to reverse the downward momentum now? The USB Zip has already been announced. Vapor! is still "second half" (if ever). And, IOM features a PE of 278 at this level. Rest assured, there's still plenty of room to fall. And volume has dried up as well. According to Yahoo, it's now just barely over 2 1/2 million shares per day. And still falling fast. The recent action this whole Summer has averaged about 1 1/2 Million per day. And that figure has been falling too. While interest in IOM stock is clearly waning, it still makes for a good story to write about. It's a perfect example of too-late investors wishing for a long-ago past, when IOM was IOMG and flying up in price. Now all that it's doing is dying a slow, rather uneventful death.