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


To: Teddy who wrote (37653)11/28/1997 8:47:00 AM
From: Gipper  Respond to of 58324
 
Edward; The longest Option is May 98 Strike price 35
Symbol is IOMEG and 30 is IOMEF.



To: Teddy who wrote (37653)11/28/1997 9:31:00 AM
From: spinynorman1323  Read Replies (1) | Respond to of 58324
 
Edward,

The IOM_W are probably not warrants. As far as I know, they are the "when issued" security related to the upcoming 2:1 split. Here's the NYSE definition of "when issued"...

When Issued

Shortened form of "when, as, and if issued." Indicates a
transaction in a security that has been authorized for issuance,
but has not actually hit the market yet. No "when issued"
transaction is final, and is only settled if and when the actual
security is issued.

You can see it will most likely follow IOM on a 2:1 price basis and will go away after the split.

Also, kindof surprised there are no LEAPS on IOM. Maybe sometime down the road.

Mark



To: Teddy who wrote (37653)11/28/1997 9:38:00 AM
From: KM  Read Replies (1) | Respond to of 58324
 
Edward: IOM doesn't have leaps. Besides, I thought Dad said "no options".