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Non-Tech : Any info about Iomega (IOM)?
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To: Jeffery E. Forrest who wrote (9645)10/22/1996 4:57:00 AM
From: Guy Gordon   of 58324
 
Jeffery: Part of Iomega's debt is Seller financing of the Penang factory.

Also remember, that $46M in convertable bonds will never be repaid so long as the stock stays above $9.

The short-term debt is probably just Accounts Payable. (i.e. Net 30 terms on parts, services, etc.) They have plenty of cash to pay the bills.

Whas there something about the long-term or short-term debt that suprised/conserned you?
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