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

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To: rll who wrote (48356)2/20/1998 6:06:00 PM
From: Brendan2012  Read Replies (1) of 58324
 
>>"We had planned on revenue (from the two-gigabite drive) in the fourth quarter and we're disappointed that we didn't ship it."

The whole release can be read at:

Message 2999209

IMO, it's the analysts fault for completely overlooking this statement. Last time I ever regard an analysts "belief" over my own.<<

I think you're confusing Iomega's plans with the analysts plans here--Iomega may have planned revenue, but the analysts did not. The analysts' estimates were the similar to what Iomega would have gotten if they had shipped Jaz2 and Buz not because they were expecting revenue from Jaz2, but because they were expecting higher tie ratios. However, Iomega talked about its own internal targets in the conference call.

Brendan
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