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

To: Ben Antanaitis who wrote (35208)	11/12/1997 4:26:00 PM
From: Roader	Respond to of 58324

Iomega Announces 2-for-1 Stock Split Business Wire via Dow Jones ROY, Utah--(BUSINESS WIRE)--Nov. 12, 1997--Iomega Corp. (NYSE:IOM) Wednesday announced that its board of directors approved a 2-for-1 stock split, to be effected as a 100% stock dividend. The dividend will be distributed on or about Dec. 22, 1997 to stockholders of record on Dec. 1, 1997. David J. Dunn, chairman of the board of the company, stated, "The principal reason for the stock split is to increase the number of option shares available to recruit and retain the company's growing employee population. Since Jan. 1, 1996, Iomega's employees have grown from approximately 1,700 to approximately 3,700 as of Sept. 30, 1997." Dunn added that, "The stock split not only gives the company the additional shares that it needs, but also allows the company to make option grants to new employees at levels consistent with its historical grants." Iomega Corp. provides personal computer storage solutions that help people manage their computer stuff -- anywhere. These solutions include: Zip drives and disks; Jaz one-gigabyte drives and disks; and Ditto tape backup drives and tape cartridges. Used in homes, business, and education, and by creative professionals, Iomega storage solutions are available through computer retail stores, resellers, major distributors and OEMs. The company can be reached at 1-800/MY-STUFF (800/697-8833), iomega.com and additional Iomega press releases can be accessed through the toll-free fax-back line: (888/88-IOMEGA). CONTACT: Iomega Corp., Roy Susan Stillings, 801/778-4668 stilling@iomega.com Tyler Thatcher, 801/778-4362 thatcher@iomega.com 16:06 EST NOVEMBER 12, 1997 BW0294 NOV 12,1997 13:04 PACIFIC 16:04 EASTERN :TICKER: IOM :SUBJECT: DIVD UT COMP Copyright (c) 1997 Business Wire Received by NewsEDGE/LAN: 11/12/97 5:20 PM