Any info about Iomega (IOM)? Message Board

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

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To: KM who wrote (35628)	11/13/1997 5:47:00 PM
From: Michael Coley	Read Replies (3) of 58324

RE: A few positives to the 2 for 1 split. Here are some positives to the stock split (some off of Ken Marcus' site and some of my own): * It will help remove or soften pre-split resistances. Do we really expect resistance at 17.5 (post-split)? I would have expected some at 35 (pre-split). * Employee option grants, as mentioned in the release. * Double the number of shares will make it more attractive to institutions. Often, they have self-imposed limitations that keep them from buying stock based on the number of shares. They like lots of shares and volume so that they can enter a position without making a major impact on the stock price. * Cheaper share price makes it more attractive to individual investors. * Increased optimism about management. * It shows that management expects the stock price to appreciate considerably. * It's a great Christmas present! - Michael Coley - i1.net

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