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


To: s. bateh who wrote (5167)12/15/1998 10:26:00 PM
From: Dale Stempson  Read Replies (2) | Respond to of 10072
 
What may be more significant this quarter than the rate of Zip drive shipments is the large number of Zip disks that have shipped. If I recall correctly, the first announcement of the 100 million disks shipped milestone came out at the same time as the 18 million drive announcement in mid October. Now, with over 125 million disks shipped, it would appear that disks are going out the door at an unbelievable rate. Am I missing something here, or did we just ship about 25 million disks in the last 60 days? This seems to good to be true. Even if the 100 million milestone was off by a month, the rate would still be incredible.

Regards - Dale



To: s. bateh who wrote (5167)12/16/1998 12:23:00 AM
From: Dale Stempson  Read Replies (1) | Respond to of 10072
 
This evening THE BULL MARKET REPORT announced it is adding IOM back into their portfolio with a target of $12:

bull-market.com

"COMMENT: We have been tracking Iomega for three years and feel that now is the time to add them back to our portfolio. We hereby add Iomega to our Aggressive List at a price of $7. They are selling almost 1,000,000 Zip drives a month and will have a big increase around Christmas, so this quarter should be strong when earnings are released in late January. They just announced the first shipment of the new 250MB Zip which is totally compatible with the existing base of 20 million 100 MB Zips. We have three in the family and couldn't live without them and if we were going out to buy a computer today it would HAVE to have a Zip built-in. We look for big things from the company as it regroups in 1999 and we place a 12-month price target of $12 a share on the stock, a 70% increase should this occur. There is a high degree of risk with this company and is only for aggressive investors."

Regards - Dale