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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (191)	6/29/1998 7:39:00 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 10072

Truff, I guess that explains the freaky trading that occurred at the end of the day on Friday.... someone did expect an announcement before the market open on Monday.... and that head fake down to $5 to suck in additional shares at a bargain... Wonder how Herb will spin this one into the ground... 'Yeah, they can buy Nomai, but can they buy Sony?...' :-)) Ben A.

To: KM who wrote (191)	6/29/1998 7:39:00 AM
From: Dwight Griffin	Respond to of 10072

Trufflette: I especially liked the middle paragraph below. I don't know if it is just spin, since the recent rulings didn't seem to be going in IOMs favor - but it should make for an interesting day!) Iomega Corp., a maker of computer storage disc drives Monday said it settled a patent infringement case with France's Nomai SA(NOMF.PA)and will also purchase a majority stake in the company for $21 million. In a statement, Iomega said the settlement came after information surrounding the worldwide litigation against Nomai brought the French maker of removable storage systems to the conclusion ''that there was substantial evidence that a court may rule against it.'' During their settlement talks they began to discuss the potential benefits of an investment in Nomai by Iomega, which in turn led to a stock purchase agreement and technology assignment agreement.