Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Mary Cluney who wrote (4615)	7/18/1996 11:48:00 PM
From: macwu	of 58324

To All: A few things I picked up from the conference call and the aol thread. 1)KE called the 3rd quarter a "challenge" (I think that was the word he used). 2)There were $41 million of finished goods in inventory (distribution problems in Europe?) 3)Weak European sales 4)He was enthusiatic about 4th quarter 5)There was $4 million held as reserve for the rebates expected in the second half. 6) decrease in backlogs Let me first comment on the word "challenging". Yes, it is a red flag word but it means different things when used in different industries and by different people. Remember the underhyped words of the annual report and "inventory problems in the forseeable future". ANY COMMENTS? The finished goods in the inventory combined decrease in quarterly backlogs is a problem. The $4 million in reserves is very interesting. I don't know enough about accounting so I don't know how this affected or if it affected earnings and profits. ANY KNOWLEDGABLE PEOPLE OUT THERE? Second, this ($4 million) could provide an insight as to how much the company is forcasting 96 sales. FEEL FREE TO COMMENT Regards, Mac

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