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Non-Tech : Any info about Iomega (IOM)?
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To: Ken Pomaranski who wrote (8849)10/15/1996 11:55:00 PM
From: bull   of 58324
 
Let me know how you make out-I think inventory is going to be another major negative in earnings..this is from the WSJ>
Finally, Venture Manufacturing -- one of the largest contract manufacturers in
Singapore -- is another perennial top performer, with an international customer
base and startlingly strong earnings reported recently. Venture stunned the
market by tripling revenue to S$320 million for the six months ended June 30,
while net profit jumped 90% to S$15.2 million.

Margins slid to 8% from 12% in the first half of last year, indicating that the
company had taken on more high-volume, lower-margin work. Venture also
benefited from a bonanza in orders from Iomega, a U.S. manufacturer of disk
drives used for data storage that boomed earlier this year but now is awash in
inventory and is cutting production.
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