Any info about Iomega (IOM)? Message Board

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

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To: Francis Muir who wrote (24780)	6/9/1997 12:20:00 AM
From: Cogito	of 58324

>>however, none listed refer to the article of last week which is not available over the internet.<< Francis - I just dug out my NY Times from 6/5. The article in question is actually just a blurb in the "Company News" section. Since it's not available on the Internet, I will quote it here. "Hewlett-Packard Rumored as Possible Buyer of Iomega "The stock of the Iomega Corporation rose yesterday as another takeover rumor cropped up, this time involving the Hewlett-Packard Company as a possible buyer. But company officials have said they want Iomega, which makes several popular types of computer data-storage drives, to remain independent. Other factors driving Iomega's rise include positive comments from the investment bank Hambrecht & Quist earlier in the week and the significant short-selling positions in the stock, which might prompt heavy buying on any increase, analysts said. The speculation over a Hewlett-Packard bid is at least the fourth takeover rumor involving Iomega this year. Iomega's shares closed up $1 at $20.25. (Dow Jones)" As you can see, there's not much meat there. I believe that the line about "company officials" who want the company to remain independent refers to Iomega officials. - Allen

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