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Non-Tech : Iomega Thread without Iomega
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To: Bob B. who wrote (6475)1/22/1999 2:33:00 PM
From: Bobo Bear  Read Replies (1) of 10072
 
>>>My prediction for 1999 EPS is .70, regardless of what Glore does to the 1st quarter.

I believe your EPS prediction is to high. During the conference call IOM management said to expect net income to be in the middle single digits as a percent of revenues for all of 99. This guidance can be replayed at the Vcall site, which recorded the CC. Its around the 32 minute mark. Check out my posting #6428. For an EPS of .70 IOM would need sales of $4 billion in 99. A pretty high number to achieve. Of course if they achieve 10% net income as a percent of sales then IOM would need only $2 billion in sales. Given IOM guidance .70 just seems way to high for IOM to make.
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