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

To: Brendan2012 who wrote (57811)	11/3/1998 7:40:00 PM
From: BeachBum	Respond to of 58324

Brendan. I'm just trying to learn a little TA. I think it has an impact on the stock price just because enough people believe it. As far as IOM's stock price I don't think it'll hit 13 in the near term either but who knows in the distant future maybe that gap will get filled ? Besides stock valuations are whatever wallstreet decides it should be. Look at Yahoo it has a 12 billion dollar market cap ! BB ^-^-

To: Brendan2012 who wrote (57811)	11/3/1998 9:01:00 PM
From: Cogito	Respond to of 58324

>>Before we get carried away with such high stock prices as 13, maybe we should think about the fundamentals of IOM. IOM is losing money. IOM's revenue is decreasing. It looks like IOM, at best, could make 30 or 35 cents a share next year. IOM is already trading at a P/E over 20 for next year's earnings.<< Brendan - You bring up some good points. However, I believe that it would be more accurate to say that Iomega WAS losing money. At the present time, with a reduced cost structure, they are probably making money again. Valuations above present levels could be reasonable if the new products which are soon to be introduced can add to the top and bottom lines significantly. If they can, then the company could do better than 35 cents for next year. If Clik! starts looking like a hit, a forward P/E of 20 will be considered conservative. Yes, there are a lot of "ifs" to be taken into account. But that's how it is when trying to predict the future. - Allen

To: Brendan2012 who wrote (57811)	11/3/1998 10:57:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 58324

Brendan: The market is always looking forward not backward... Otherwise AMZN and YHOO would never have been given those astronomical valuations... The new Prez plunked down his own money to buy 15,000 shares in the open market... We are seeing a turnaround here... And now with Syquest out of the picture IOM should grab additional market share... So, 13.00 in the near term is not out of the question given Iomega's dramatically improved prospects... Jim