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

To: steve goldman who wrote (44792)	1/23/1998 8:24:00 AM
From: KM	Read Replies (1) \| Respond to of 58324

Steve: I was horrified when they announced that split and posted that opinion here within six minutes of the announcement. I lost a year's worth of profit on this mutt yesterday and if it goes down any more, I'll be into losing some of the original money I put in. IMO, management has a lot of explaining to do to the shareholders, but I don't honestly think they give a damn about us. I've been trading for 15 years and I've never been so headfaked in the entire time. This one has shaken me up so much, I'm going on hiatus for awhile after I get rid of it. I will be back to short it. P.S. I still have the transfer papers from your firm. I wish I had moved the accounts a month ago. Maybe you could have talked me out of this Titanic then.

To: steve goldman who wrote (44792)	1/23/1998 8:35:00 AM
From: Cogito	Respond to of 58324

>>Anyone think it peculiar that IOM (Iomega) split their stock when the stock was at 28ish?<< Steve - I guess you haven't been following the thread too closely. There has been much criticism of the split. I have heard some people say that the board should not have split the stock, because they already would have known that the earnings would miss estimates. This, of course, is not true, since the decision to split was made in mid-November, when the price had been moving up smartly. Even then, it was a strange move, but when you add in the effects of the subsequent crisis in Asia on the market in general, and on IOM's price in general, it looks stupid or crazy. BTW, if they hadn't split then they would have missed estimates by 4 cents. Or by 2 cents, to use the Basic Share numbers. - Allen

To: steve goldman who wrote (44792)	1/23/1998 10:50:00 AM
From: Dan Doughty	Respond to of 58324

<< Anyone think it peculiar that IOM (Iomega) split their stock when the stock was at 28ish? I mean, I have very rarely seen that from a great company... ...I just thought it was an extremely rare corporate decision, which was illfounded and eventually cost a great company and more importantly, its shareholders, a tremendous amount of money. >> INTC is a great company, and they have split 3 times over the past 5 years. Do you mean you have rarely seen a stock split at such a low price? -Dan