The New Iomega '2000' Discussion Group Message Board

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Non-Tech : The New Iomega '2000' Discussion Group

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To: Dale Stempson who wrote (1788)	7/18/1999 8:49:00 PM
From: Rocky Reid	Read Replies (4) of 5023

OK. Here are my estimates for 3rd Quarter 1999 Revenues: $353 Million (DOWN 10% Year to Year) GM: $71 Million (20%) SG&A: $86 Million (24.5%) R&D: $23 Million (6.5%) Earnings (LOSS): -$15 Million ($0.06) Bear in mind that my estimates are often very sympathetic to Iomega, but in reality, Iomega disappoints. In particular, I feel that my Revenues Projection is wildly optimistic. The 40MB Bomb! will post a LOSS of ($11 Million) on sales of $7 Million. I reserve the right to adjust the numbers downward as per the probable Iomega Earnings Warning in 2 months.

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