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


To: s. bateh who wrote (43317)1/13/1998 10:52:00 PM
From: Rocky Reid  Read Replies (2) | Respond to of 58324
 
Now is the time to be angry at Iomega management for their greedy and silly split of a $24 stock. Instead of buying back shares at the old price in the 20's, they gave the excuse that they could buy more shares to give to their employees. In essence, they think that their employees and shareholders are idiots who think that (2) $5 bills are different than a $10. Well, the Street is treating them as the joke they are by ignoring IOM stock ever since then split. It's volume today was barely 1/3 of it's pre-split action, and interest seems to be waning still, even as earnings approach.

On the other side, we have AOL which went up 4 1/4 points today. What a joke IOM is.