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To: Maher Sid-Ahmed who wrote (4864)11/29/1997 3:19:00 PM
From: Cogito  Read Replies (1) | Respond to of 7685
 
>>Did I make also a mistake regarding IOM shares to be 800 million shares after the split?<<

Maher -

There will be 800 million shares authorized, but not 800 million issued.

In the meantime, one of the larger points you missed is that Iomega is actually making money, and their earnings continue to increase. The same cannot be said of SyQuest.

Also, there was some insider buying of Iomega recently.

- Allen



To: Maher Sid-Ahmed who wrote (4864)11/29/1997 3:26:00 PM
From: Cameron Dorey  Read Replies (1) | Respond to of 7685
 
Maher, re: "Did I make also a mistake regarding IOM shares to be 800 million shares after the split?"

Yes, there was no vote taken to increase the number of authorized shares in the last proxy statement. Iomega has all the authorized shares it needs to take care of the doubling of outstanding shares due to the upcoming split.

Cameron


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