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Non-Tech : Any info about Iomega (IOM)?
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To: s. bateh who wrote (49484)3/6/1998 7:06:00 PM
From: Joseph  Read Replies (5) of 58324
 
Earnings warnings: CompUSA first, Intel second, Compaq third, IOM next? CompUSA is a big time reseller of IOM products,and Compaq is a big time OEM for Zips. If they are hurting, Iomega is hurting. I expect IOM to have earnings of less than 5 cents/share this quarter.

And how many Class action law suits do they have against them now? 4, 5? And they just settled two older ones. These lawsuits are going to cost them money. What are the chances that IOM won't even make a profit this quarter because of all this?

Concerned,

Joseph
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