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

To: s. bateh who wrote (54786)5/15/1998 10:34:00 PM
From: KM  Read Replies (1) | Respond to of 58324
 
From StreetCom Options Buzz:

Aside from the indices and the big-name techs, the odd play cropped up in several companies' options. For example:

 Iomega (IOM:NYSE) saw a huge trade of more than 2,060 contracts move in its May 7 1/2 calls, which expire later today. The move came because Iomega's stock was right at the strike price, 7 1/2. But it was difficult to determine which direction in price the trader was betting on.



To: s. bateh who wrote (54786)5/16/1998 4:10:00 AM
From: Philip J. Davis  Respond to of 58324
 
Discussion of Quest in SYQT 10-Q:

page 10, Results of Operations, paragraph 1

>>Management has decided to focus its other new product, Quest, exclusively on Original Equipment Manufacturer (OEM) opportunities. The cost of distribution into the OEM channel is less than the cost of distribution into the retail marketplace. The production ramp-up for Quest will only occur if management determines that there is sufficient OEM demand for this product.<<

Philip


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