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

To: KM who wrote (46102)	1/28/1998 8:56:00 PM
From: Naggrachi	Respond to of 58324

Re: Stock buyback Hi truff. In the summer of '96, after IOM fell from $55 to mid $20's, IOM made an announcement about a stock buyback plan. Guess what the reaction was? If I recall correctly, the stock went down some more and it just didn't matter. The stock was broken down from any side you looked at, which incidentally happened after the split. I believe that were in the same situation now. The stock is so broken down that it wouldn't matter what IOM announces in the next couple of weeks. Only earnings, a couple of Q's worth, will boost this stock. Having said all this, I think IOM will definately take advantage of the current price and repurchase some shares. They won't announce it though, at least in my opinion. Zead