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

To: HardMoney who wrote (8155)	3/11/1999 8:08:00 AM
From: gil schmidt	Respond to of 10072

<dont know if any one has seen this site. Its 360 systems........they are in the audio recording biz like roland>> I went to their site and reviewed their products. Looks like only one has a built-in ZIP drive. Although the number of installed machines is probably quite small I'm sure the "tie ratio" for those machines would be quite high. The others seem to have huge internal hard drives with the ability to connect to removable storage though IOM products aren't specifically mentioned. I DO believe that expansion of ZIP uses outside of OEM computer installations is a big step forward. If one were to just measure the "gloom and doom" around here an outsider would think that IOM was about to go under. While I'm not ready to buy (more) just yet I keep reminding myself that IOM is going to make money this year. On a PSR basis this stock is attractively priced. Plenty of bad news is priced into the stock and NO good news, IMO. Real, substantive good news is out there, somewhere, beyond the horizon I believe. Unlike some here I don't want the co. to issue frequent fluff press releases. I don't think we've hit bottom...yet...but I do believe that this collapse simply insures another meteoric "November98-like" explosion in stock price when good news arrives and the "hot" money reappears, which it will as always. IOM continues to be a stock whose price action is dominated by the arrival and departure of such "hot" money and not stable, long-term institutional-type investors. Saga of 1995-1996. The trick, I believe, is to begin nibbling when this stock shows real signs of a bottom (no price movement and volume less than a million shares) and sell into the ensuing strength.