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 (46068)	1/28/1998 7:10:00 PM
From: Rocky Reid	Read Replies (1) of 58324

>>That being said, I would like to hear anyone's opinion on what will act as a catalyst to cause the stock to move up again. << OK, you asked for it. A well publicized stock buyback plan right now, using at least 1/2 of the $100MM allocated for ads, could be used.to inject some sort of confidence in the stock. Iomega management is probably weighing this option right now, but is looking for the bottom to buy their own shares "cheep." If the stock goes up significantly by the summer, Iomega could sell off some shares to pay for more ads, and still have lots of extra shares left over for options and employee incentives. I expect to hear something like this from Iomega within the next 2 weeks.

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