Any info about Iomega (IOM)? Message Board

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

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To: Bruce Cullen who wrote (9445)	10/19/1996 9:30:00 PM
From: bull	of 58324

If IOMG net is <5%, and the rebate is $50, would someone tell me how they can possibly be profitable in Q4? I don't know what the wholesale price is but it's probably close to $120 for CompUSA. (Anybody know?) Edwards said, "Rebates closer to 50% tahn 100%. So,Assume: 75% want rebate (conservative) ..(During Christmas EVERY $50 will come in handy this year. Americans are carrying 20% debt right now-and credit cards are getting maxed) $120 x 75%=$90 $120-$90=$30 $120/$30=25% If margins are only 5%, how can they pay 25%? Am I missing something here? Will new factory save 20% right away? Can they produce 500,000 units and deliver to store shelves in the next 6 weeks? I know there are a lot of believers here-so could you explain your logic to me.

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