Iomega on Monday named a new chief financial officer, Preston Romm, as the storage company seeks to turn itself around. Iomega also outlined its severance package to Werner Heid, the former chief executive who resigned last month amid pressure from the board to strengthen its business plan.
Heid is to receive up to $950,000 over a 12-month period, as well as $75,000 for three months of consulting services he will provide the company. The severance package also calls for reimbursing Heid up to $30,000 for use of an executive outplacement service.
Apple's stock hits a high of $503.83 this morning before retreating to below the $500 mark. Goldman Sachs says it believes Apple could rise to $550 a share in the next 12 months.
Tommy Jordan, the man who shot his daughter's laptop for YouTube, gets a visit from police and child protection services. Oh, and Good Morning America.
The Samsung Galaxy Mini 2 S6500 could make its debut at the Mobile World Congress in Barcelona later this month, according to a leaked promotional image.
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