Any info about Iomega (IOM)? Message Board

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

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To: Rodger Wenzel who wrote (8835)	10/15/1996 8:15:00 PM
From: Michael Perez	of 58324

What the martket expects!! This is from the Motley Fool Site: "We'll end on Iomega (IOMG). The stock edged higher today as earnings draw near. Earnings will be announced Thursday after the market closes. Expectations are not great for the latest quarter, but that may work in the stock's favor. Analysts at Hambrecht & Quist recently reported they expect Iomega to report in line with their recently revised projections of $0.06 per share on revenue of $260 million. They state that third quarter results will likely be down sequentially due to softness in European sales as well as the typical summer retail slowdown in the U.S. H&Q also expects product inventories to be higher, as Iomega has built up for the coming quarter, which is expected to be their strongest. But it is expected that the company's conference call will be upbeat, as management will be looking forward to the coming quarter, as will analysts. The market looks ahead to the future, and responds to the outlook, and is always happy to have weak periods behind it. Either way, Thursday night will be interesting. "

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