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Non-Tech : Any info about Iomega (IOM)?
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To: Gary Wisdom who wrote (49114)3/1/1998 9:22:00 PM
From: Senthil Sankarappan  Read Replies (2) of 58324
 
RE: yesterday 30M. Today 15M

Very funny. Yesterday gary posted that insiders bought 30Mil shares and it turned out to be only 30K shares. Today people were excited with Fidilities 15M share purchase and now we know that it is an Old old data. Is this thread dreaming a lot? I am sure Rocky will be too happy to read all these Iomeganics building hope and get busted. It is quite obvious that any such major purchase can't occur with out IOM going up in price. So, I guess we all Iomeganics should wait for some upward movement in the share price before we can dream more ;-)

Having said that I dream that we will have a record revenue for Q1. But earnings may not be record due to the large expense in advertisement, ramp up etc etc. Looks like all the products are shipping in volume now except Jaz2 which should be shipping in volume too shortly. jaz2, ZipPlus, laptop zip, Buz should all add to the revenue a lot. My feeling is that the usual high sales Q4 was shifted to few months due to delay in majority of products. Also, having 20Mil manufaturing power while the total shipments in the past as 12 Mil is really impressive. This means IOM can ship more than all their last 3 years combined while they have 12 Mil existing owners to buy more disks.

OK. Now time for someone to come and rain on my parade ;-)

-senthil
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