Roger's 1998 Short Picks Message Board

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.

Strategies & Market Trends : Roger's 1998 Short Picks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pancho Villa who wrote (5035)	3/16/1998 9:22:00 AM
From: Lazlo Pierce	Read Replies (2) of 18691

FYI, news this am re: IOM expects loss next Q, Neg cash flow.<< ÿÿÿÿROY, Utah--(BUSINESS WIRE)--March 16, 1998--Iomega Corporation (NYSE:IOM) announced today that it expects its first quarter 1998 revenue will be relatively flat with first quarter 1997 revenue. ÿÿÿÿAdditionally, based on preliminary results to date, Iomega expects to report a first quarter loss in the range of $10 million to $25 million and expects to be cash flow negative. Iomega plans to announce its first quarter financial results on Thursday, April 16, after the close of the market. ÿÿÿÿIomega cautioned that the estimated loss for the quarter could be higher or lower since revenue and operating results will be significantly impacted by sales through the distribution and retail channels in the remaining few weeks of the quarter. Iomega's revenue recognition policy defers recognition of revenue on estimated excess inventory in the distribution and retail channels. For this purpose, excess inventory is the estimated amount of inventory which exceeds these channels' 30 day requirements. ÿÿÿÿ"Our shipments this quarter in all regions are generally lower than we anticipated particularly in our international aftermarket business,"

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next