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


To: KM who wrote (35203)11/12/1997 4:22:00 PM
From: John Solder  Respond to of 58324
 
2 fer 1 at $28 ??

Now I'm really confused.

10 MILLION shipped
Major Anoouncement tomorrow
Split announcement today

What gives



To: KM who wrote (35203)11/12/1997 4:23:00 PM
From: D.J.Smyth  Read Replies (4) | Respond to of 58324
 
trufflette. "they" obviously believe that "clik" will be a big item. i guess we'll see what the market thinks tomorrow huh. for some reason they like the price of $15 - first split 2 for 1 took them close to it, second split 3 for 1 took them back to it. maybe 15 is their magic number; the additional shares entering the market didn't seem to hurt it in previous splits. i don't know. will need to check into this



To: KM who wrote (35203)11/12/1997 4:26:00 PM
From: Teddy  Read Replies (1) | Respond to of 58324
 
Why would they split a $28 stock 2 for 1?

Is it possible that tomorrow they are going to anounce a merger/buyout of some company and they needed more shares? Is that the way it is done? There must be more to this "Big Announcement" thing.

I'm confused.



To: KM who wrote (35203)11/12/1997 4:28:00 PM
From: Tom Gebing  Respond to of 58324
 
Truff, a stock split is normally given to bring the price of the stock down, so as to make it more accesable for the average investor. Does this mean they expect big things from the upcoming announcement, huge profits from filling the channel, new oem's going to make Zip standard (increaded volume) and or all ???????? Who knows where they are coming from , but this with the 10 million, the upcoming announcement and now a stock split will sure bring in the momentum investors. IMO, this may get wild, too bad the financial world markets are having problems. May be a damper to all in the short term.

Regards,

Tom