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

To: Philip J. Davis who wrote (56390)	6/18/1998 4:50:00 PM
From: HardMoney	Read Replies (1) \| Respond to of 58324

That's it.... I'm out..........this Company is bullshit.....believe or not .......thank God I sold 80% of my position today and will have to sell the remaining 3k shares tomm.......... Frank

To: Philip J. Davis who wrote (56390)	6/18/1998 4:59:00 PM
From: Rocky Reid	Respond to of 58324

>>congratulations. you were right.<< One thing that I can't ever say about Philip Davis, is that in the end he doesn't have class. I saw the handwriting on the wall. The worst part of the pre-announcement IMO is the fact that IOM is in danger of credit-line non-compliance. This means that Iomega may have to start diluting their shares a la Syquest-- and soon. IOM has authorization to issue 400 Million shares. There are only about 260 Million(?) or so out there right now. With a loss of (-0.13›) this 2nd quarter, at a stock price of $6, IOM will have a PE of 300.