Any info about Iomega (IOM)? Message Board

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

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To: bull who wrote (9343)	10/18/1996 2:53:00 PM
From: Sam	of 58324

<<"Big Shipments" to the "Far East" on liberal "credit terms"..Let's see how much $$ is eventually collected and how much will be bad debt-written off or as returned goods. Just look at the "receivables." No, I'm not a CPA-but Q results are "unaudited.">> Bull- FYI. Quarter results are "unaudited" as you say. But, that doesn't mean that the auditors don't have their hands working in the quarter reports!!! EVERYTHING gets reviewed before ink goes to paper, both quarter and annual. If something is not in accordance with GAAP, it ain't gonna fly. Remember, if IO really "cooks the books"-auditors and IO will be hearing from shareholders and lawyers. IO is a well managed company. No one will know how much is eventually collected an how much will be written off. If the books are really off base, it would have come up a LONG time ago. Sam

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