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

To: Len Giammetta who wrote (4686)11/29/1998 12:01:00 PM
From: s. bateh  Respond to of 10072
 
they want to see the numbers and they will this qt. and beyond!!!!



To: Len Giammetta who wrote (4686)11/29/1998 6:11:00 PM
From: Jazz102  Respond to of 10072
 
It may be tax loss selling. There are plenty of people who bought in a lot higher than IOM's current price. If you have big internet stock profits you would look to sell whatever you may be holding at a loss for the tax benefit to use against market gains.
JAZZ



To: Len Giammetta who wrote (4686)11/29/1998 6:56:00 PM
From: Philip J. Davis  Read Replies (2) | Respond to of 10072
 
Len,

The price drop might have something to do with the possible sale of SyQuest assets: who buys what and for how much.

The bearish case could be that one of Iomega's competitors (Imation, Sony) might be the purchaser. Another bearish case is that Iomega is the purchaser and might have paid too much.

regards,

Philip


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