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

To: puborectalis who wrote (961)	8/10/1998 10:08:00 PM
From: sheila rothstein	Respond to of 10072

Hi Steve, the stock price is so "cheap" because IOM, the co. is simply NOT making any money right now, in fact they are losing $$$. Great products, past history of poor management,overspending on stupid ads,intense competition and presently is restructuring. As you know full recovery takes quite a while and Wall Street is saying "show me the money". We are all waiting for Cliks release and your right that mutual funds don't like buying $5.00 stocks. IOM is in "intensive care" now. SR

To: puborectalis who wrote (961)	8/11/1998 8:09:00 AM
From: Cogito	Respond to of 10072

>>why is this stock so cheap with SYQT in the proverbial toilet and the PC business with CPQ and DELL as well as CLIQ product to be offered this fall? I think that the 2for1 split was ill-advised late last year...funds don't like to buy stocks near $5 range.<< Steve - Sheila has already pointed out the main reason why IOM is now trading at low prices. As far as the split goes, people seem to forget that the decision to split was made when the stock was trading in the thirties. At that time, the price had moved up steadily from around 14 over the course of the year. Obviously, if the Board had known that they were going to run into severe problems in the second half of that quarter, they would never have made the decision to split. Certainly, splitting a stock that is only in the thirties is weird anyway. - Allen