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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Dale Stempson who wrote (34866)	11/8/1997 5:51:00 PM
From: Teddy	Respond to of 58324

RE: Syjunk delisting From what i have seen the NASDAQ is going to crack down on Jan 20th 1998. This is from the Fool last Feb: "A more fundamental concern is whether Nasdaq will adequately enforce whatever guidelines it establishes. For example, Foolish investors who have followed the saga of removable disk drive maker SYQUEST (NASDAQ: SYQT) (N) (S) say that Nasdaq is too willing to issue exemptions to the current listing requirements. Last summer, SyQuest spent about two months out of compliance with the minimum net tangible asset rule. "I think the specific rule is probably less important than the enforcement of the rule," commented Dale Velk, an investor active in the SyQuest folder for the last year. "Having reviewed a large number of 'violators' of the old rule it appears to me that the NASD was extremely lax and arbitrary in the enforcement of the net worth rule thereby greatly reducing the effectiveness of the standard." The way i see it, they will use all the money from the warrents and debentures on the ad campain.... the stock will drift lower untill it crashess to <$1 at the year end sell off.... maybe a Canadian exchange might list them <G>