Any info about Iomega (IOM)? Message Board

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

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To: Jeffery E. Forrest who wrote (9645)	10/21/1996 11:07:00 PM
From: bull	of 58324

Wow-$46 mil in convertible notes. I think they pay a couple of points annually and they're redeemable at 9 1/8 in 2000 something? You think those that bought into that paper will want to buy at 9 1/8 when it comes time? Big future competition announcements tomorrow. Also, I guess IBM'ers are like IOMEGANS. From tomorrows WSJ "There's a bit of a manic-depressive view on IBM," says analyst Steve Milunovich of Morgan Stanley. When the company reports good results and its executives make positive noises, "investors extrapolate that into renewed industry leadership for IBM," he says. But when it reports disappointing results, or its chief financial officer issues a warning about the future, investors run for cover. "Emotionally, there's not a middle of the road for IBM," Mr. Milunovich says.

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