SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gregory Cole Brock who wrote (32341)10/16/1997 5:06:00 PM
From: D.J.Smyth   of 58324
 
greg, their missed earnings due to production ramp was the key to not hitting $.25. from my conversations, the street wasn't expecting much from IOM, which is better than expecting too much.

they increased revenue nearly 9% over the second quarter (the third quarter being the traditionally slowest quarter of the year for all computer peripherals) and gross margins also increased which is indicative of disk sales adding more to IOM's bottom line. as they move into the 4th quarter, the gross margin will increase again, most likely. the slower sales in Asia from the 2nd quarter isn't a surprise as all box makers have experienced slower sales primarily in Japan. however, China is becoming a much greater significant factor in IOM sales to Asia, so the rampup in China for all box makers will begin to affect all box makers bottom lines going into the 4th quarter. there are some positives here. i was looking for $.22 to $.23 personally
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News