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

To: Russ 5150 who wrote (41104)	12/21/1997 9:28:00 AM
From: Teddy	Read Replies (3) \| Respond to of 58324

5150, it is my understanding the Dec 1 date has absolutly no significance to shareholders. It is an accounting thing. Basicly the company (in this case iomega) issues new certificates to all their shareholders as of that date. If you bought or sold after that date your broker will automaticly take care of it. You don't have to do anything, you should not be charged for this and should be able to trade the shares at anytime. i think it is a practice that goes back to olden times when people actually took delivery of their stock certificates and put them in a box under the bed. My Dad has shares of ALD that he did that with (he worked for a company that ALD bought out before i was born) and everytime there is a split they send him new certificates (the stack is getting pretty thick, maybe "buy and hold" realy works). BTW, why did you buy IOM?