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Non-Tech : Any info about Iomega (IOM)?
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To: David S. who wrote (47660)2/12/1998 7:57:00 PM
From: Gemini   of 58324
 
David,

And speaking of "drops" post-split, the Motley Fool
had a few foolish but true words this evening.

"What was with the volatility in Iomega's (NYSE: IOM) shares
today? It was down nearly 6% at its lowest point before closing
down 0.65%. Hey, Iomega, good idea on the split! Not.
Why didn't they just get an authorization from shareholders to increase the share authorization? I think a $9 stock price is embarrassing,actually. Also, why is the company spending so much
on advertising? I thought the plan was to get OEMs to adopt the
Zip as a standard. I personally don't understand Iomega any longer and I think that too many companies, 3Dfx included, put way too
much stock in Intel's strategy of branding the CPU. Intel branded the CPU after they had won a technology lock-down, not before."

Comments anyone, Allan
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