Iomega Corp (IOM)

I think those serious investors who like to make money in the market should get themselves situated in Iomega now as over the next few months, in fact over the next few years, there will be a lot of money to be made. The recent introduction of eGo won't provide much profit for Iomega but it will start people talking about the company again and that will come just as its turnaround is emerging into public view. The HDD business has been completely refurbished, is growing nicely, especially in Europe where Iomega is the number one hard disk retailer in France and not far behind in the rest of Europe, including UK. Iomega products are getting more and better reviews and this is helping the NAS business. Rev is starting to be recognized for what it is as various companies such as Boston Scientific see the backup potential for medical, video and other industries. It surpasses tape, as well as CD's, DVD's, Blu-ray and HD-DVD. Grass Valley's launch of Infinity in "mid-summer" should have a large impact, 100 beta cameras are out now and comments seem to be good. The Managed Services hold tremendous potential and have recently started in UK, last quarterly report showed a nice pick-up in revs for a start from scratch especially when one considers that only one twelfth of revs of a contract (average contract is 36 months) is included in a quarterly report. Last quarter the cash flow was superb, eps only reduced by intangibles. The new CEO seems to have been an inspired choice, the right man, at the right time, in the right place, with a vision for the company that thus far has worked perfectly. The current consolidation in the stock price has lasted for some time, the longer it lasts the stronger and more definitive the breakout especially as the company is regularly trashed by people who don't know how to adjust to the ebb and flow in a company's fortunes and can't comprehend the cyclical nature of companies. Everything points to success for this company and the stock will follow. 18th June at $4.19.