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Non-Tech : Any info about Iomega (IOM)?

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To: Winner Victorious who wrote (4458)7/17/1996 4:36:00 PM
From: M. Mills   of 58324
 
To Winner re: GSNX-

The GOOD:

No debt.

48% company owned.

Steady stream of new contracts since the beginning of the year (mostly Asian.) The latest was announced on 7/3. Total new biz for the year is at least 16mil, not bad.

31% market share for ashers vs. 19% for closest competitor MTSN.

16% profit margin vs. 8% for industry.

EPS-'93/0.33 '94/0.87 '95/1.21 '96 est /1.35

The BAD:

Limited number of products and customers.

Noticing slight shrinking of gross margins due to increased R&D spending and discontinuation of some product lines.

SUBM is touting a "revolutionary product" (not sure if it's on the market yet) that wags are saying could render GSNX's current technology obsolete.

My take: It's currently cheap and solid, if unsexy.

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