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Non-Tech : Iomega 1997 Q4 Projection Thread
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To: Gary Wisdom who wrote (28)1/19/1998 10:00:00 PM
From: Mary Cluney  Read Replies (1) of 48
 
Gary, >>>Whether we're right or wrong, it will have zero impact on the stock.<<<

You are absolutely correct on this, but just the same I'm going to make the following prediction:

Iomega will report 590M sales and .16 earnings. Shipments for December 30th & 31st didn't get pushed out the doors - KE is saving some of 4Q97 sales for the uncertainties of 1Q98.

Thursday afternoon at 4:32 PM EST Joe Kernan will go on the air and report:

"Eye Ohhh Mega just reported 4th quarter earnings of .16 on record sales of $590M beating street estimates by one penny. That is an all time high in sales and earnings. You remember Eye Oh Mega - it was a stock that at one time was selling for over $50 - $50 dollars - it was one of those high flyers - it seemed like we were reporting the stock price going up every day - the chart was like one of those asymptotes - or whatever you call it - it went strait up - ahhh - let me see - it is now selling at 11 3/4 - it is down 3/8 in after hours trading on instinet. Eye Oh Mega has beaten street estimates by one penny but fell far short of the whisper number that had sales as high as $750M and earnings of .25. Joe squints, shakes his head, and purses his lips and gallantly says - okay lets move on ".

Mary
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