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


To: KM who wrote (37198)11/24/1997 8:50:00 AM
From: Teddy  Read Replies (2) | Respond to of 58324
 
**OT** Truff,

Here's some news that might be of interest to you. Last month Ascend repriced all their employee stock options because so many people were leaving the company because their option price was so high. They were repriced @ $35......
Stock continued to drop....
they are repricing them again based on the closing price Nov 26th.

Looks to me like the company:
1. is still loosing valuable employees
2. doesn't think the stock will be over $35 any time soon.

Best wishes