Any info about Iomega (IOM)? Message Board

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

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To: Maxwell who wrote (4682)	7/19/1996 1:16:00 PM
From: John Lengyel	of 58324

To All, I found this in today's Wall Street Journal: ----------------------------------------------- Iomega Reports Profit on Fivefold Rise in Revenue Iomega Corp., Roy, Utah, reported second quarter net income of $14.1 million, or 11 cents a share, on surging revenue growth. In the year-earlier quarter, the computer-storage products maker had a loss of $1.9 million, or two cents a share. Revenue jumped more than fivefold to $283.6 million from $52.6 million a year earlier. The results, announced after the close of trading, were at the high end of analysts' estimates. In Nasdaq Stock Market trading, Iomega closed at $28 a share, up $1.875. ------------------------------------------------- Sounds upbeat to me. The market is overreacting on a bad market day. John Lengyel

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