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

To: Rocky Reid who wrote (48205)	2/18/1998 11:19:00 PM
From: Chris J. Addison	Read Replies (1) \| Respond to of 58324

If they do lose the lawsuit based on improper insider trading, are those guilty of the insider trading personally liable or is Iomega liable for their personal illegal activities? Any legal types know the answer? C.J. Addison

To: Rocky Reid who wrote (48205)	2/18/1998 11:49:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

My INTC is really in the money now, and I highly recommend it as it will gain another 20% inside a month. I wished I had the foresight to short IOM recently when it was above $10. I still think it is headed down, but the percentage gain in shorting it right now just isn't that impressive enough. If it does go over $10 though, I'm shorting. After 1st Q Earnings, IOM $6 1/2.

To: Rocky Reid who wrote (48205)	2/19/1998 12:59:00 AM
From: slipnsip	Respond to of 58324

"The more information and statistics about insider stock selloffs, and advertised and misrepresented product release dates, the more it seems these class action investor lawsuits have some merit. I wouldn't be suprised to see Iomega settle these cases out of court. The lawyers of course would get the bulk of the money, but this fact still won't help Iomega's bottom line, of which the settlement would take a big bite out of." I for one am not to concerned with what it will cost to settle these suits. If it costs mucho dinero, then the company will take a one time charge "extrodinary item". This while not being helpful will not be that detrimental considering IOM's strong financial position (positive cash flow, cash on hand, available credit). What is important would be the earnings from continuing operations. The market will shrug off one time expenses, especially for garbage suits. Let's not forget that the market is forward looking. The market has seen the negatives that may have an effect on the coming quarters and discounted the stock from $16 1/2 to $9. I would say the street has overly compensated for the negatives.