Any info about Iomega (IOM)? Message Board

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

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To: Dale Stempson who wrote (8462)	10/8/1996 8:40:00 AM
From: Kunal Taravade	of 58324

Dale, although Iomega (or for that matter any other company) is not "required" by law to make pre-earnings announcements, most companies usually do so to avoid shareholder lawsuits. If there is a significant disappointment in the near future, the stock price generally tends to reflect that (through insider selling), and so the company is obligated, if faced with such an eventuality, to make all such information public. Remember, it is in the interest of Iomega to make all news, especially bad news, public asap to prevent stock manipulation by unethical insiders. Regards, Kunal

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