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Non-Tech : Any info about Iomega (IOM)?
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To: Dale Stempson who wrote (2572)6/9/1996 10:15:00 PM
From: Fred Fahmy   of 58324
 
Dale,

Unfortunately, from time to time (like this weekend), I have to bring work home. I have many spreadsheets that are huge (2-3 Meg). Currently, I FTP them from work and then FTP them back to work after I am done doing my work. Unfortunately, this is slow even with a 28.8 modem. When I get my ZIP at work, life will be much easier. I will copy what I need on a ZIP disk and bring it home. This will take just seconds. Just another example of a good use for ZIP.

Thanks for providing the information below.

"According to Barron's (Page MW4 JUNE 10), short sellers bought more than 10% of the recent secondary offering."

This is sweet music to the ears of all IOMGeans who are long. I can't wait until the next earnings report. BTW, as most who have tried to short this stock, all 10%+ that Barron's mentioned are already losing money (more than 5%). If the 10% figure Barron's mentioned is correct, this is one of the greatest ironies I have ever run across. Imagine, IOMG bears giving cash to IOMG so that they can expand their operations and increase their earnings even faster.

Please explain the following comment.

"According to MacWEEK (Page 66 May 27), the additional stock shares will primarily go to bolster its management recruiting effort."

What additional shares are they referring to. The secondary offering of 5 million shares were sold to underwriters to raise cash.

FF
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