Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: s. bateh who wrote (5099)	12/13/1998 5:42:00 PM
From: XOsDaWAY2GO	Respond to of 10072

>>>From the AOL Board, Trading Bar and Pool Hall<<< Subject: Re: IOM Date: 12/13/98 1:53 PM Pacific Standard Time From: BSI87 Message-id: <19981213165350.21489.00002556@ng-ch1.aol.com> >>>Today's Insider Activity for December 11, 1998<<< Daily Alert for Friday 12/11/98: IOMEGA CORP. - IOM -- News that Syquest is filing for Chapter 11 must make insiders at Iomega sigh with relief, especially considering that the failed company had hoped to capture a good deal of the market share in '98. The long-term implications of the demise of Iomega's main competitor are obvious, but in the short-term a modest earnings recovery is expected. With the stock trading 40% off its 52 week highs, it may be no wonder that insiders at Iomega are buying stock, especially given recent developments. Specifically, from July 30 to October 29, four insiders purchased a total of 41,000 shares at prices ranging from $3.56 to $5.50 each. Leading the way among purchasers, President Jodie Glore bought 15,000 shares. VP James Taylor acquired 12,000 shares in his largest purchase to date. Next, Executive Gerald Forsyth bought 10,000 shares, his first purchase since coming to the company in '97. Lastly, Director James Sierk bought 4,000 shares. This is also Mr. Sierk's first purchase since coming to the company in '97. It is also interesting to note that insiders at the company have been acquiring stock throughout the year. The most significant of activity was by Director David Dunn in May at higher price levels. The stock's recent run-up indicates a great deal of investor enthusiasm in the short-term, but insiders may also be signaling that the stock is a long-term idea. Iomega designs, manufactures and markets innovative data storage solutions, based on removable-media technology for personal computer and electronics device users.