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

To: D.J.Smyth who wrote (4323)	11/18/1998 11:09:00 AM
From: Rocky Reid	Read Replies (3) \| Respond to of 10072

Sold IOM $8 3/16. Comdex winding down. No significant news came from Iomega. No built-in OEM Vapor! announcements. No new suprises. We already knew about Zip250, USB Zip, Vapor!. Iomega really blew it by not announcing some kind of CD-RW.

To: D.J.Smyth who wrote (4323)	11/18/1998 11:25:00 AM
From: Gottfried	Respond to of 10072

Darrell/all, from the WSJ story about insider buying... November 18, 1998 Inside Track Stock Purchases by Executives May Signal Rebound at Iomega By LAURA SAUNDERS EGODIGWE Staff Reporter of THE WALL STREET JOURNAL Recent purchases of Iomega Corp. stock by company insiders have caught the interest of insider-data trackers, who say their actions may finally point to a turnaround at the beleaguered computer-data-storage company. From Sept. 3 to Oct. 30, four Iomega insiders bought 239,000 shares of the company's stock at prices ranging from $3.56 to $5.46 a share. Tuesday, Iomega closed at $7.75, unchanged, in New York Stock Exchange composite trading. Iomega, based in Roy, Utah, makes the popular Zip drives and disks for personal computers. But one stock purchase was particularly interesting, analysts say. Edward Briscoe, president of Iomega's personal-storage division, bought 200,000 shares on Oct. 29, at $5.25 to $5.46 a share. His last transaction was two years ago, when he disposed of 400,000 Iomega shares at $21 a share. Mr. Briscoe's recent purchase "implied a sense of urgency" that suggests Iomega shares might not fall to a lower price, says Bob Gabele, president of CDA/Investnet, a Rockville, Md., firm that tracks transactions by company officers and directors, known as insiders. After Mr. Briscoe's purchase, Iomega shares rallied to as high as $10 before settling back to around $7. "The recent run-up indicates a great deal of investor enthusiasm in the short term," Mr. Gabele says, "but insiders may also be signaling that the stock is, in reality, more of a long-term idea." [snip] Craig Columbus, vice president of research at Disclosure Inc., Bethesda, Md., notes that Iomega insiders have shown good timing in the past. "In 1995, insiders were buying just before the company became the darling of Wall Street," he said. Now, Iomega is one of the few instances where company insiders were buying in October. [snip] G.