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

To: ben luong who wrote (42366)	1/4/1998 11:29:00 PM
From: Cogito	Read Replies (1) \| Respond to of 58324

>>It is a disgrace that they used the cash generated from product sales to buy stock for their employee stock option plan. The cash can be better used somewhere else.<< Ben - Do you not think that attracting and keeping talented engineers, managers, etc., is important? In the computer business today, you have to offer stock options to do that. Cash flow is not a problem for Iomega at this time, so I don't see why you should find this use of cash "disgraceful." - Allen

To: ben luong who wrote (42366)	1/5/1998 12:30:00 AM
From: slipnsip	Read Replies (2) \| Respond to of 58324

<It is a disgrace that they used the cash generated from product sales to buy stock for their employee stock option plan. The cash can be better used somewhere else.> Now that you have stated your blowhard opinion, state some substantial reasoning. If your anything other than a CFO of a multimillion dollar tech company, I would like to here you backgroung and fundamental analysis as to the basis of your commentary. Personally, I will stick with managements opionion until someone can point out to me alternatives to their rapidly growing cash reserves. You have to obtain and retain talented help somehow.. If you think your companies stock will appreciate 30-50% in the next year, this would be an excellent use of funds on hand. Difficult to continue to invest in yourself to sustain the growth IOM has had. The key is alternative uses. If you can not get the same return on investement in plant and development, I applaud management. Buying stock back is an excellent way for an individual to guage what a company thinks of it revenue and earnings growth potential.

To: ben luong who wrote (42366)	1/5/1998 1:25:00 AM
From: FuzzFace	Respond to of 58324

<It is a disgrace that they used the cash generated from product sales to buy stock for their employee stock option plan. The cash can be better used somewhere else.> The only disgrace is the price they paid for it. Guess I'm not the only dummy. <g>

To: ben luong who wrote (42366)	1/5/1998 1:31:00 AM
From: Michael Coley	Read Replies (1) \| Respond to of 58324

RE: Psychic SEC S-8 Filing? Iomega NOT Buying Back 3MM Shares. Ben, >> I was informed that in the last week of DEC. IOM bought back: << >> From EDGAR SEC 12/8/97 S-8: << >> (including the associated Stock Purchase Rights) 3,000,000 $30.75(1) << How could a filing from 12/8 inform about purchases made at the end of December? You've misunderstood the filing. This is new issuance of stock--almost the opposite of a stock buyback. Also, to those who said that a large stock buyback like this would be a good idea... I say (with all due respect) "What! are you nuts?" They're doing fine with cash right now, but to use it for a major stock buyback would be suicide. They will need that cash to ramp up new products. For a company growing as fast as IOM, their Current Ratio of 1.86 is almost perfect. To spend cash on stock would lower that ratio. - Michael Coley - i1.net