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

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To: KM who wrote (50179)3/16/1998 12:08:00 PM
From: Zakrosian  Read Replies (2) of 58324
 
BTW, may I be stricken in my seat if I ever say another disparaging word about Herb Greenberg

Any bets as to how long it takes Herb to produce a gloating article on the announcement?

While you may be right in your opinion that the lawsuit prompted a change in IOM's philosophy, I think a more significant reason is that the quarter has apparently unfolded in a completely unexpected way.
If I'm reading this announcement right, they're projecting a 33% decline in revenues from last quarter - I believe that's shocking enough to require an earnings warning. The numbers, at least, in the fourth quarter were considerably more impressive.
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