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

To: Brendan2012 who wrote (35270)	11/12/1997 6:10:00 PM
From: Thomas L Nielsen	Read Replies (2) \| Respond to of 58324

**This split is in no way dilution.*** "By jove" you are correct but there are twice as many float shares at half the price. The resultant higher percentage swings in the auction price may possibly be beneficial for traders but there is more uncertainty for the longs. Tom

To: Brendan2012 who wrote (35270)	11/12/1997 6:25:00 PM
From: Tom Carroll	Read Replies (1) \| Respond to of 58324

RE: Dilution Brendan, There is one way that it IS a dilution, of course. The announcement says that the main reason they're doing this is so they can continue to provide attractive options to their employees, whose numbers have gone from 1700 to 3700. If they offer the same number of options for the same number of $15 shares per new employee in December 1997 as they did a year or so ago, then the new employees are being offered a smaller percentage of the company in their options packages. Then again, after ten million Zips sold, those options aren't as speculative as the ones a year or two ago. How much is that worth in dollars per share? Here's another speculation for you. We're close enough to the end of the quarter, and to the startup of the mass production of Zip drives by the subcontractors at the beginning of 1998, that maybe, just maybe, the top brass at Iomega already know that they've got contracts and sales that'll produce a blowout quarter, regardless of all the n.hand action or lack thereof. That would explain why the top execs have sold shares now, because it keeps their noses clean about selling out at a high. And it would explain why they could do this now and not be taking a risk that the "big announcement" won't produce a run-up, since they know that the EPS improvements with the quarterly report in January will lift the price regardless of the n.hand situation. And so on. Just a thought. Whatever the facts of the matter, the indicators we have gotten in the past several weeks, and especially in the past few days, all point to extreme confidence among the managers that the situation is getting significantly better. For me, that announcement from Micron that they're going to ship PCs with the Zip as the standard A: drive is the clincher. I'm in the market for a couple of new PCs for my nonprofit in the next month or three, and I'm very tempted to go with Microns instead of Dells or Gateways or whatever if it means I can get them thusly preconfigured. The floppy is history. Cheers, Tom (long IOM)