Any info about Iomega (IOM)? Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sheila rothstein who wrote (42314)	1/4/1998 4:17:00 PM
From: Dale Stempson	Read Replies (1) of 58324

For the helluvit, I completed assembling and revising my personal model for IOM earnings for the quarter, without all the specific number detail, here's my forecast: Total Revenues: $625 million Net Margin Dollars: $47 million Net Margin Percentage: 7.5% EPS: $0.17 Major contributing factors include: * Overall Zip unit volume is still increasing significantly. It was up 26% 3rd qtr over the 2nd qtr with OEM Zips up more than 60%. * ZipPlus and notebook Zips are shipping. * Shipping ATAPI to OEMs has freed up IDE chip constraints and earns a better profit margin. * Last quarter's problems and shutdowns cost Iomega between $50 and $100 million is sales for the quarter. This will not repeat. * Zip margins improving due to higher disk volumes. * Zip margins improving due to lower drive costs. * 3rd qtr backlog grew to a record 379 million. Retail backlog grew proportionately larger. * Record number of Zips shipped in Sept. Production level increased from Sept entering 4th qtr. 4th quarter started with continued strong sell-through. A lot of Zips shipped in Sept did not reflect in last quarter's revenue. Regards - Dale

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next