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To: yard_man who wrote (250900)7/17/2003 6:44:57 PM
From: patron_anejo_por_favor  Read Replies (3) | Respond to of 436258
 
WTF?! The Dung futures just started bleeding, did someone cough up a hairball at the Soft Parade?<G>



To: yard_man who wrote (250900)7/17/2003 7:45:37 PM
From: mishedlo  Respond to of 436258
 
>>Iomega Corporation (IOM) today reported net income of $4.4 million, or $0.09 per diluted share, for the quarter ended June 29, 2003. Net income for the quarter was favorably impacted by the recording of $4.6 million of research tax credits. <<

money.excite.com

Take out the tax credit and I see red.

More interesting than the dividend:

As required by the Company's 1997 Stock Incentive Plan, an adjustment to reflect the dividend will be made to the approximately 1.9 million stock options outstanding under this plan. The outstanding options will be adjusted by reducing their exercise prices by an amount equal to the dividend (but in no event below $0.03 1/3 per share), effective as of the ex-dividend date.

So how much will Dunn make from the cash dividend and the repriced options?