Any info about Iomega (IOM)? Message Board

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

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To: Guy Gordon who wrote (1842)	5/22/1996 1:14:00 AM
From: Ken Marcus	of 58324

Dow News >> (DJ-PIN) Iomega Shares Continue To Surge After Stock Split NEW YORK -(Dow Jones)- Iomega Corp. shares continued to surge on a 2-for-1 stock split and excitement over the company's "road show" to drum up investor interest. Shares of the computer-data-storage company were up $2.125, or 5.2%, at $43.375 on Nasdaq volume of 18.3 million shares, compared with average daily volume of 4.5 million. Earlier, the shares hit a 52-week high of $48.625, surpassing the previous presplit high of $83 set Monday. The split-adjusted stock is now more attractive to Iomega's large following of retail investors, said Emerald Research analyst Joseph Besecker. Iomega began speaking with investors Tuesday in San Francisco to highlight its offering of 5 million common shares, Besecker said. In addition, Besecker said he's heard that Computer Retail Week reported Iomega may have a subcontracting deal with Packard Bell. Besecker said he hasn't been able to confirm the rumor. Investors may also be anticipating favorable announcements from Iomega ahead of the PC Expo and Comdex shows in June, Besecker said. "Traditionally, Iomega has been very active at these shows," Besecker said. * end of story * << Ken

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