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Non-Tech : Iomega Thread without Iomega

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To: Rocky Reid who wrote (8504)	3/26/1999 3:10:00 PM
From: Jock Hutchinson	of 10072

Sub-$5 IOM stock prices means that many Margin calls will go out for those who did not adjust their accounts. It also means that some Analysts who recently advised on buying IOM will need to liquify their positions (according to their respective Charters) and stop covering IOM. All in all, closing at $5 today was a disaster for IOM. OK. I am breaking my rule here, but the legacy of the KE stock split is intact. There should be a reverse stock split when the news becomes good again. In the above quoted post Mr Rocker is right. The stock price of Iomega is clearly to blame for the decline in today's price, and once burned twice a fool will happen one too many times with Iomega investors. The time for a reverse stock split is rapidly approaching.

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