Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Mel Boreham who wrote (17313)	3/1/1997 9:25:00 PM
From: slipnsip	of 58324

<<Steve, if IOM is eyeing possible acquisitions then this is probably the reason that they want the authority to issue another 400 million shares rather than any idea of a stock split or going to the market for equity financing, it would seem.>> Think about buying and financing.. When firms make aquisitions using stock, it is typically because the value of their own stock is relativly high in comparison with historical norms, projected earnings, etc. I do not believe that that is the case with IOM.. Why would they want to use equity financing when their shares are obviously in the toilet? More likely, is that another tech company who's shares are obviously overinflated with the run up over the last two years, steps in and uses it's equity to buy out IOM.. I do not have any idea who or for what reason this would happen, I just use it to emphasize the financing point..

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