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

To: Thomas L Nielsen who wrote (39182)	12/10/1997 11:40:00 AM
From: Rocky Reid	Read Replies (4) \| Respond to of 58324

>>I would consider a LARGE share buyback as good news. They need the shares for employee benefits and this would buoy the stock by adding some value.<< This unfortunately is not the M.O. of Iomega. Iomega has a long- standing tradition of executives dumping their shares on an unsuspecting public. Insider selling is a frequently ocurring theme in IOM press releases. You can be sure that the next SEC filings from Iomega will include lots of information about executives selling, followed by Iomaniacs here justifying these actions. It all boils down to a consistent Wall Street corporate tradition of "pump and dump" that sadly Iomega has seemingly not abstained from. According to the press releases announcing the stock split, Iomega chooses to artificially "create" shares by splitting their stock, rather than simply buying it back from the market.