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


To: go4it who wrote (5927)1/15/1999 5:31:00 PM
From: Andrew Bausk  Read Replies (2) | Respond to of 10072
 
Any price predictions from the thread on stock price this week and after earnings assuming IOM beats the estimate???



To: go4it who wrote (5927)1/15/1999 6:51:00 PM
From: Tom Carroll  Respond to of 10072
 
The Future

Charles,

I'm with you. I too think it's going to do more
than a double from here. I've thought that all
along. Indeed, I predicted that it would be at
a pre-split of $60, now $30 post-split, by the
end of 1998. Having guessed that wrong, I'm no
longer trying to fix a date on the prediction,
just a number. A similar situation obtained with
the demise of SYQT, which was predicted as imminent
by various posters here for about two years before
it actually hit. Collectively, we haven't been
all that good at timing, but we HAVE been pretty
good at second-guessing the course of the
technology. As long as you're willing to hold
long, that's the more important part. Unless
something unseats the Zip--and that looks
less and less likely--the value of the company
will be lots higher as the 1.44MB floppy gets
more and more obsolete. Add Clik! and other
surprises to that mix, and it's still a safe
bet to hold IOM long unless you're better at
churning your stock picks than I am. Good
luck to us all.

Cheers, Tom (long IOM)