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

To: Reseller who wrote (45950)	1/28/1998 9:33:00 AM
From: Naggrachi	Respond to of 58324

I wonder if the following has anything to do with the press release regarding the new supplier. The following is from IMPX's earnings release: <<''IMP continues to make progress in its restructuring plan,'' said Phil Ferguson, president and chief executive officer. ''As we advised last quarter, the company experienced lower total revenue for the third quarter of fiscal 1998 than in the prior quarter, due to an anticipated decline of over $3 million in Iomega read-channel business. However, the Company was able to offset 50% of this decline with increased business from other customers. Excluding Iomega, revenues increased significantly for the third sequential quarter.'' >> Zead

To: Reseller who wrote (45950)	1/28/1998 3:17:00 PM
From: Reseller	Respond to of 58324

Stockholder Value.. Just a couple of items that I believe should to be addressed that could improve our investments. !. I believe that the law of supply and demand will prevail and with the recent stock split there is too much stock. This has become a huge mountain to climb. Every time the stock moves up a point there will be profit taking and downward pressure. We had hoped in the past that the institutionals would pickup the slack but it looks like that will be a long time in coming. For this reason I am proposing a statement of error on behalf of the stockholders and a reverse split. 2. The reason for the split was the lamest I have ever seen. Given that we have 100 mil to do advertising I would propose that a cutback of 10 mil to 90 mil. The 10 mil would than be used for a stock buy back to address the employee options issue. 3. I would propose that those analyst that are actively following the company be given an opportunity to meet with the company and at the least be given some on going guidance so as to avoid the mistakes that were responsible for the vcall conference. Perhaps I'm being a little naive here, but perhaps a group will form that will act on behalf of the stockholders with the goal of improving stockholder value. Isn't that what the board is supposed to do ? I would further propose that a review be taken to establish the goals of the board. Reseller