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


To: go4it who wrote (5870)1/14/1999 1:24:00 PM
From: Naggrachi  Read Replies (2) | Respond to of 10072
 
<<I already have my limit order in just in case someone tries to paint the tape at the end of the day. I think that the opportunity for short covering below $9 has come and gone.>>

I'm almost certain you will have your chance of buying below $9 after the trial of the century is started.

Zead



To: go4it who wrote (5870)1/14/1999 1:55:00 PM
From: Mel Boreham  Read Replies (1) | Respond to of 10072
 
Well Charles, we are holding well at the present time with the Dow now down 180 and the Nasdaq down over 25 points. I think we may hold the 9 level throughout the week and may see 10+ trading next week up to the earnings announcement. Yesterday was an unusually good opportunity to pick up some IOM at a good price. We shall see if I'm right. The "trial of the century" is having some effect right now, but IOM holding well but there was just an announcement about more financial problems in Brazil! Now, all bets are off...

BTW I was reading the press release over on the WSJ web site and the article stated that the Syquest sale to IOM was contingent on Iomega buying their physical assets in Malaysia. I didn't think that there was any linkage to buying the Syquest factory in Malaysia? I will have to go back to yesterday's announcement again.

Take care, Mel