Any info about Iomega (IOM)? Message Board

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

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To: Jonathan S. Feingold who wrote (58183)	1/13/1999 5:10:00 PM
From: Mel Boreham	Read Replies (1) of 58324

Jonathan, I only wish there was some sort of way to get something back from your investment, however I doubt that you will see anything except a "tax loss" that could result in a little bit of value when you file this coming year. If you had sold last year, you could have used the tax loss this tax year. It will likely result in a tax loss for 1999. Better check with a tax guy on this as maybe there was a way to declare the stock "worthless" for tax year '98, but I think there was still some limited trading activity in the stock at year end... but not sure. Now that they have declared Chapter 11 bankruptcy there is not much chance for the common stockholder to derive much else from their holdings. I know what you are looking at as my QDEK shares are now worth only .50/share after a buyout by another company. I bought them at $22/share a couple years ago. Luckily I didn't buy very many so my loss is of no great concern... but it still hurts. Better luck on your other investments. Mel

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