Any info about Iomega (IOM)? Message Board

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

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To: Ken Marcus who wrote (2391)	6/4/1996 3:47:00 AM
From: Ken Marcus	of 58324

Secondary done at 35, this provides a bottom below which the stocK price won't go, IMHO. This is 6 points or so below our current price and may have a short term impact. BUt, long term it raises the needed capital for iomega. All 5 million shares sold and IMHO the overallotment to sell easily. I believe iomega may have had to adjust the price down a couple points after it had to retract the 8 million zip statement from one of it's project managers. I still believe the 8 million number but you can't go making statements like that about the future during a secondary. If I heard correctly, iomega has reached or will reach it's 3 millionth personal storage solution shipped this week. COMDEX: zip externals at the Gateway and Apple booths. Nothing official. I'm not sure when the quiet period ends after a secondary, but, in any case it does not preclude iomega from announcing statements of fact. So, in my opinion, there will be some announcement tomorrow to support the stock price. Ken

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