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

To: isdsms who wrote (50035)	3/14/1998 10:11:00 PM
From: Cogito	Respond to of 58324

>>You seem to view the split and the missing of their number as two seperate events. They may not be seperate events at all, but rather a scheme by management to elevate the stock price prior to the clubbering they knew it was sure to have. The decision to split was done so close to the end of the quarter. They just had to know!<< Ira - The stock split decision was NOT made close to the end of the quarter. Since the announcement was made in November, the board must have made the decision in early November at the latest. It's difficult to believe the board was trying to elevate the stock prior to a crash by splitting it. I mean, didn't KE sell his shares BEFORE the announcement? There was never a positive reaction to the split, price-wise. I'm not sure why we're even talking about this now, though. At this point it amounts to ancient history. - Allen

To: isdsms who wrote (50035)	3/15/1998 10:24:00 AM
From: John Alan Wallace	Read Replies (2) \| Respond to of 58324

<<<You seem to view the split and the missing of their number as two seperate events. They may not be seperate events at all, but rather a scheme by management to elevate the stock price prior to the clubbering they knew it was sure to have. >>> I agree that the two events were connected but think the idea was to bring the stock price as low as possible to throw a bone to Wall Street and thereby obtain (buy) some "respect". Two things I like to add: 1. This stock will go back up at least one more time, insiders did not dump at the high price and would not have participated (if this was indeed a plan and not just chance) in its lowering if not sure of its recovery. 2. Loyal individual stockholders have done a lot to help this company grow. They have spent countless hours countering Wall Street's attempt to bring Iomega down. I think they contributed to Iomega's current success. Looking at the near future, it might be easier to grow with Wall Street's backing that that of individual investors. However, like my mom always told me "You have to sleep in the bed that you made". JW