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 1:57:00 PM
From: Cogito	Read Replies (1) of 58324

>>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.<< Tim - One other question on this. Since the books do need to balance at the end of the year, wouldn't any huge rebate reserve problem have shown up at the end of '96, which is when, I believe, some people were predicting it would? Or are you saying that this enormous problem actually caused the company to miss estimates by a whole penny for Q4 '97? That would hardly be the significant impact you and others predicted so long ago. But the main reason I don't buy that story is that you really don't need to look that deep to see why the numbers were missed. They didn't ship products when they were supposed to, and revenue in the U.S. didn't increase enough. I certainly consider these to be serious problems, and ample explanation for a small shortfall. I expect to see evidence that these problems are being solved this quarter, or I'll want to know why. I don't see the need to look at some year-old non-problem for clues about current performance. - Allen

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