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Non-Tech : Any info about Iomega (IOM)?
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To: Reseller who wrote (45915)1/27/1998 10:38:00 PM
From: Cogito  Read Replies (2) of 58324
 
>>Susan questioned the return on my investment and after stating that I had been invested for over two years and the value of the stock is less now than it was then she asked how many stock splits I had as if to suggest that an adequate return had occurred. I would suggest that Iomega not look back over two years ago to validate their position we hear too much about years ago. How much better have they done for the owners of the company if after growing as much as they have and spending as much as they have we are worth less ?<<

Reseller -

If you have been invested in this stock for over two years, then your stock could not possibly be worth less than it was when you bought it.

I first invested in Iomega one year and eleven months ago, and when you account for the splits, the cost basis of my original shares is less than four dollars. So I'm still looking at more than a 100% return in two years.

But of course, anyone who invested last January is now just barely even if they are lucky. So I agree with you that the company has not done right by all of its investors. A long term view of shareholder value is fine by me, as I am a long term investor. But there is a difference between a taking a long term view and giving it no consideration whatsoever.

I'm glad you spoke to Stillings about that. Bet it's not fun to be her right now.

- Allen
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