Any info about Iomega (IOM)? Message Board

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

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To: emil who wrote (9163)	10/17/1996 7:19:00 PM
From: Michael Rich	of 58324

Briefing.com gave a cautious view on IOMG in light of the fall of many good companies after they beat earning estimates: CPQ: beat by some 20+ cents, fell $4 or so so far; SUNW: beat by a mere 2 cents, fell some $8; CSCC: beat by a mere 2 cents, fell $10+ The list goes on and on...indicating the market is fully valued. IOMG does not have too high an expectation, yet it did run up a long way from its lows. Take a look at its earning report: Q3 has 310M rev compared to Q2's 283M, nice .... but the net income was onlt 12.8M vs. Q2's 14.1M. Total operating expense up 10M compared to Q2, yet R&D droped by 1M. Balance sheet......still worrisom: 102M cash ....... so so 197M receivables ........... gotta collect your money IO! 178M Inventories ........... Re afterhour market, there is no MM........it's like trading blindly as long as buy/sell match. Let's see if they guessed the price right this time. Re option related action......close at 20-20.5 tomorrow would be most effective for MM's. Real action may start next Monday....up or down....

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