Any info about Iomega (IOM)? Message Board

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

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To: Winner Victorious who wrote (7400)	9/22/1996 3:37:00 PM
From: Dale Stempson	of 58324

Winner, Re: "We know that the company will blow out this .07/sh estimate and rally big time." How can you say this? H&Q and JP Morgan just slashed their earnings estimates. Emerald Research currently has IOMG as a short term hold. Iomega has cut their orders to SFLX quoting sharply reduced demand in Europe. Forecasts are for sales to be around $257 milllion, a drop from last quarter. Total earnings for last quarter were $14.1 million and rebates will be more than that. Where is the 3rd quarter surprise going to come from? I remain long Iomega, but I am not going to suggest to anyone that they buy at this time. Waiting for the 3rd quarter report to be released is the best course of action. Regards - Dale

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