Any info about Iomega (IOM)? Message Board

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

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To: Gary Wisdom who wrote (47534)	2/11/1998 4:58:00 PM
From: Michael Coley	Read Replies (4) of 58324

RE: SyQuest Cash as of 12/31/97. >> I feel sorry for any Syquest investors. This company had $12MM in cash on December 31. They'll be bankrupt very, very soon. << What's funny is that they started the quarter with $7 million, lost $39 million, and ended up with $12 million. How did they do that, you ask? Where did the other $44 million come from? Dilution of their stock. Warrant exercises. The current shareholders are getting soaked. - Michael Coley - wwol.com

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