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Non-Tech : Any info about Iomega (IOM)?
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To: Archie R. Wortham who wrote (4629)7/19/1996 1:09:00 AM
From: William R. Polk   of 58324
 
Archie, FWIW I think the increase in the reserve related to the rebate and the significant increase in R&D are important because they each "took away" about .03 earnings per share. In other words, no rebate and earnings are .03 per share higher or .14. Also, R&D expenses were increased to the tune of .03 per share. So, no increase in R&D, no rebate and earnings would have been .l7 per share. However, to sacrifice the long term outlook for short term gain is not good for the company and the "smart money" will realize this. This is not to say that the now expected "summer slowdown" won't hurt the share price in the near term. I read earlier that the Fools on AOL were foolish for predicting (as an average of maybe 20-25 people) .14 per share. However, I do not believe that people expected the rather dramatic increase in R&D.
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