Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rocky Reid who wrote (43538)	1/15/1998 2:21:00 PM
From: Francis Muir	Respond to of 58324

FIDO sez: Recent volumes are rather reminiscent of those that obtained last Feb 1 through mid-March -- just before the Long Climb.. cRock O' S... answers: Unfortunately, this is before Iomega management decided to split their stock at a price of $24. Now it is around $12, and volume has not adjusted accordingly. With all of those shares around now, it makes it much more difficult for the price to move anywhere at all. Codswallop! Like any other sane person I adjust past figures to reflect splits. Current volumes may be 20% down on those in the period I mentioned last year, but I imagine this is due to the reduced float due to increased institutional holding. IOM is a mid-cap of some stature and the Street will take an interest when it's good and ready -- presumably after the 22nd. FIDO