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Non-Tech : Any info about Iomega (IOM)?
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To: Kansas George who wrote (42353)1/4/1998 10:50:00 PM
From: ben luong  Read Replies (4) of 58324
 
>>I was informed that in the last week of DEC. IOM bought back:

From EDGAR SEC 12/8/97 S-8:

(including the
associated Stock
Purchase Rights) 3,000,000 $30.75(1)

It looks like the management still think the stock is undervalued.

It is a disgrace that they used the cash generated from product sales to buy stock for their employee stock option plan. The cash can be better used somewhere else.
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