Any info about Iomega (IOM)? Message Board

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

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To: HardMoney who wrote (43806)	1/18/1998 7:27:00 PM
From: slipnsip	Read Replies (1) of 58324

<I gotta tell you the one and only thing I really don't agree with is this ridiculous stock split...if the needed more option the could have issued more stock...in fact at that time the had 260 million shares Authorized...> Issuing more shares would have been dilutive. I as a shareholder appreciate the fact that IOM made the choice of not issuing more stock and for exploring other options that are available to them. I.E. A stock split. What they intend to do with the extra shares that are authorized and yet unissued I have no idea. Doesn't hurt to have the option of issuing more shares should they need to.

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