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

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To: bull who wrote (9335)10/18/1996 2:17:00 PM
From: Sam   of 58324
 
<<Honey, IOMG's books are cooked so hot they are about to burn a lot of people.
Still haven't seen a reserve for all these "millions" of rebated shipped units at $50
per.

By the way, because you don't own this stock why do you care, unless of course
you are KE's attorney. In that case sue me-or like the Nazi's used to do "cook
me"-but Please don't cook the books, anymore. NYSE "don't play those games.">>

Bull-

What are your qualifications to make such statements as IO "cooking the books?" Are you a CPA by any chance? I'm sure you know that whatever firm audits IO will not give an unqualified opionion if something is out of whack-or "cooked" as you say. Why would they risk a lawsuit, on top of IO getting caught up in litigation too if that were the case. Just let it be known that A LOT of companies "cook the books" as you say, high-fliers and NYSE Blue Chips included. If the books were "so hot" as you say, wouldn't you think SOMEONE on the street would give a tiny mention about it? Dosen't seem like they are so worried about it at this point.

It's the world according to GAAP!

Sam
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