Any info about Iomega (IOM)? Message Board

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

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To: Tim Kenney who wrote (45991)	1/28/1998 1:26:00 PM
From: Cogito	Read Replies (1) of 58324

>>>As for rebate accounting affecting this quarter's report, I think you must not have been paying attention to the quarterly reports for the past year. Rebates ended in Q1, and any fallout for earnings would have hit the bottom line a while ago.< Just like Allen. He continues to believe anything his friends at Iomega tell him. Revenues that were fudged upward in 1997 can be fudged back down the following year. It does not matter when the rebates ended as long as the books balance at the end of the year. Hail KE!!!<< Tim - A lot of bears have looked Iomega's reports very carefully, and I have not yet seen any of them, including you, providing any evidence of a rebate reserve problem hitting the bottom line. If you have any foundation for your claims, by all means present it. Simply saying that I am a fool for not just taking YOUR word on this doesn't prove your case. - Allen

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