Any info about Iomega (IOM)? Message Board

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

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To: Gary Wisdom who wrote (40220)	12/16/1997 11:16:00 PM
From: Dave Krishna	Read Replies (1) of 58324

From : fool.com >>Subject: Thatcher Tyler Date: Mon, Dec 15, 1997 16:58 EST From: PElliot999 I spoke with this nice person today -- (801)778-3585. Apparently we are in Quiet period regarding earnings etc. I asked about stock buy back and he said I will have to wait until conf. call. Then, I asked about ZIP 200MB He confirmed again they DO have a working model in the shop but "why introduce it?" , Sony is not a threat they do not even have a product yet. Primary goal $99 Retail Zip in as many boxes as possible. Also stated to me the Clik is still on sched. for late 2nd early 3rd qtr. ship. He bragged about the doubling of institutional ownership. He stated also "People always call when the stock goes down not when it goes up." Oh yeah, there has been no bad news on their side, he suspected the drop in IOM was from Asia, the weak tech sector, especially the storage component, and IOM's high Beta. << Gary, Overall, very positive news. Does this explain the decreasing volume we have been seeing ? 28 % institutional ownership plus the insider ownership seems to be shrinking the float everyday. I remember seeing 28 % somewhere. Is this the correct percentage ? Dave

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