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Non-Tech : Any info about Iomega (IOM)?
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To: Reseller who wrote (44776)1/25/1998 4:26:00 AM
From: Reseller  Read Replies (2) of 58324
 
Been thinking about this all day while taking it out on a paint brush.
( the therapy didn't work )

Perhaps someone could answer a couple of questions. Someone with an accounting background.

In particular my questions have to do with reserving forward expenses.

!. Are companies required to expense real costs that will occur in the future, please note I said required.

2. Are companies required to expense perceived costs such as bad debt even though there is a possibility that they may not occur

I did note that their reserve for inventory had jumped from around 26 mil to 42 mil, the reserve for channel rebates jumped 3 mil and for bad debt $750, thou. For a total reserve increase of approx. 20 mil. hmmmm ( .08 eps )

I would suggest that Iomega could have worked their numbers a little different and made the quarter. I don't believe that missing their numbers was a happenstance and that they could have easily made them.

IMO IOM has two very big shortcomings.

They will not receive respect from the street until they show respect for the street.

Guidance for those that recommend their stock in my mind should be a given.

K.E. needs help. Someone get this guy some professional handlers.
He does not speak well to the street .

Reseller
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