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

To: RetiredNow who wrote (56654)	6/20/1998 12:08:00 PM
From: Rande Is	Read Replies (2) \| Respond to of 58324

RE: THEORY...thanks. I guess we will know the answer soon enough. Part of that hypothetical theory is based in fact. There are OEM deals IOM has with major manufacturers that I cannot find any mention of in Iomega press releases. Why would they not want to tell the world of each and every deal they make? NOTE: The following is strictly based in opinion, which we all have a right to express. My guess is that this coming week we will see a flurry of OEM deals announced. As for going short on Iomega, this could be a dangerous time to do that. In light of the fact that top execs are compensated almost entirely in stock [according to Sierk interview], it stands to reason that there is substantial motivation from same to one day drive the stock value up again. It is my opinion, that there will be a concerted effort [not a conspiracy] to send price back up using announcements of deals, etc. And when the point of most resistance is met, a financial arrangement that guarantees them through the rest of the year will be announced. Shorts run for cover and price goes up fast. Either way, we shall see very soon... Rande Is

To: RetiredNow who wrote (56654)	6/20/1998 5:12:00 PM
From: Les White	Respond to of 58324

>>the banks could call his loans<< In a sense they have. The bankers probably told him to cut the jobs when he informed them of the greater than expected loss. When a bank has a lot of exposure in a business it's hard to tell who owns who sometimes. Remember when Donald Trump hit the wall? He was so far in debt he owned the banks. They couldn't forclose so just told him what to sell, what to keep, how much monthly allowance he could have, etc. They will renegotiate the loans as long as Sierk carries out their demands and the situation shows signs of improving. Then we'll probably see an announcement of the renegotiation. Les