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Non-Tech : Any info about Iomega (IOM)?
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To: d-fndr who wrote (50788)3/20/1998 12:24:00 PM
From: Rocky Reid   of 58324
 
For the longest time, Iomaniacs have offered the promise that Iomega is "A High Growth " Company as justification to pour big wads of hard-earned cash into it. Guess what?

Iomega is by definition, no longer a "High Growth" Company. In fact, it isn't even a Growth Company. It is a rapidly Declining Company.

The most optimistic Analyst projections I've seen so far are for a .16›/share profit for year 1998. This is a DECLINE OF 62% year to year. This is a pre-announced disastor.
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