Any info about Iomega (IOM)? Message Board

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

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To: Iceberg who wrote (56426)	6/18/1998 6:12:00 PM
From: Jim Welsh	Read Replies (2) of 58324

Can anyone give a logical reason for IOM's timing of their announcements. Why not make the announcement before PC Expo, get the bad news out, then follow it up with good news? It would leave investors with a more positive feel, rather than a negative one. It would also not "suck" investors in, and them clobber them with the bad news. I'm looking for a rational explanation. I realize the "cockroach" theory is a possible explanation, but why would a company wish to "screw" its investors? Isn't it in a company's best interest to have their share price as high as possible? Wouldn't there be a better chance for a higher share price if bad news were followed by good news, rather than lowering the boom after the good news? Might options expiry (tomorrow) have anything to do with it? It seems much more likely that the stock will close closer to 5 tomorrow than 7.5. Would there be any advantage to the company to have the price at or near 5? (I don't have a very good understanding of options) Even if it was, wouldn't that smack of manipulation? I know IOM has been accused of manipulation in the past, but I can't believe they would be dumb enough to attempt to manipulate the price. Thanks, Jim Welsh

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