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


To: Linda Pearson who wrote (46081)1/28/1998 7:53:00 PM
From: Chris J. Addison  Respond to of 58324
 
Linda,
If memory serves me correctly they actually bought back very few shares, far further than they said they would. That being the case announcement of a share buyback might be ignored considering their previous lack of follow-up. But I would appreciate anything that could jump start us back in the plus direction at this point. Still long and holding to the bitter end!
Chris



To: Linda Pearson who wrote (46081)1/28/1998 8:00:00 PM
From: adolf  Respond to of 58324
 
Hi Linda and all. Just Emailed my concerns to investor relations. Suggested they hire Ben Lipman to adress shareholder value concerns.Definetly got scorched on this one.They should take some cues from clintons spin doctors.



To: Linda Pearson who wrote (46081)1/28/1998 8:27:00 PM
From: Triluminary  Read Replies (2) | Respond to of 58324
 
Hi Linda,

Yes, in 1996 they announced a stock buy back program. Definitely think this would be a brilliant thing to announce soon.

I remember that one and another in '97 as well for a total of two buy backs announced so far. These did very, very little in terms of helping the stock price. However, I believe a stock buyback at these levels with the available cash they have could have an impact on the stock price. Wouldn't mind seeing them pump about ~$15Mil of their cash into the stock.

Regards,

mark_b