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: BBG who wrote (46600)	2/2/1998 10:00:00 AM
From: Ben Antanaitis	Read Replies (2) \| Respond to of 58324

What are you looking at? ThomsonRTQ shows 1.9M... 1,900,000 shares traded at 9:57AM EST.... Let's not go berserk here, people. Ben A.

To: BBG who wrote (46600)	2/2/1998 10:06:00 AM
From: Michael Coley	Read Replies (1) \| Respond to of 58324

RE: News coming soon? In the conference call, Len said: we have commitments for a new three year $200 million line of credit underwritten by J.P. Morgan and Citibank, which we expect to have signed in the next week. This new line of credit is now unsecured and has a lower interest rate and fees. Their old line of credit was secured against receivables, and was underwritten by a group of about 17 banks. Other than that (and the lower interest rate and fees mentioned by Len), everything appears to be the same. I'm not sure if they plan on issuing a press release when it's final [which should be any time now], but news like this is usually considered very good by the Street. - Michael Coley - wwol.com