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Non-Tech : The New Iomega '2000' Discussion Group
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To: Naggrachi who wrote (1725)7/16/1999 10:20:00 AM
From: Rocky Reid  Read Replies (1) of 5023
 
Prepare For Even Worse Gross Margins Ahead

Zip has 27% GM. Jaz 20%

CD-RW has 15% GM MAXIMUM. More like 10% in real life. And these 10% GM sales are going to eat into those 27% and 20% GM sales. There is just no getting around this. Worse numbers are ahead for Iomega.

Iomega's fundamentals are just getting worse and worse. --And Iomega is becoming a smaller and smaller company. Shrinking companies do not deserve multiples of 3 times over Book Value.
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