Here are a few excerpts from recent Iomega SEC filings:
Regarding ZIP pricing:
A major retailer has recently advertised a $50 rebate on the $199 purchase price of the Epson brandname model of the Zip drive. The Company is not reimbursing Epson for this rebate or presently offering a similar rebate program. Price competition from Epson, with whom the Company also has a manufacturing relationship, and other resellers of the Company's products, whether or not the Company has a manufacturing relationship with such party, may result in increased pressure on the Company to reduce the prices at which its products are sold to such resellers or others or to offer its own rebates.
Regarding the secondary offering:
The executive officers and directors of the Company have agreed that they will not, without the prior written consent of Hambrecht & Quist LLC, offer, sell, or otherwise dispose of any shares of Common Stock or options to acquire shares of Common Stock owned by them during the 90-day period following the date of this Prospectus.
Regarding advertising expenses:
For the years ended December 31, 1993, 1994 and 1995, advertising expenses totaled approximately $5,574,000, $6,348,000 and $10,612,000, respectively. For the three month period ended March 31, 1996, advertising expenses totaled approximately $10,539,000.
Regarding options plans:
At December 31, 1995 and March 31, 1996, the Company had reserved an aggregate of 22,269,180, and 20,861,812 shares, respectively, for issuance upon exercise of options granted or to be granted under these plans.
Regarding number of shares:
Shares outstanding = 125,803,347
Options outstanding = 13,199,534
Convertible notes = 4,658,228 |
