Any info about Iomega (IOM)? Message Board

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

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To: Gary Wisdom who wrote (50940)	3/23/1998 1:18:00 PM
From: Spank	Read Replies (1) of 58324

Gary, you'll like this one... from Briefing.com: 3COM CORP. (COMS) 34 15/16 +1 3/4: Want to warn analysts of lower earnings, but keep your stock price from crashing? Take a lesson from 3Com Corp (COMS). The networking company is due to report earnings after the close on Tuesday for 1998 fiscal third quarter earnings (FEB). A little over a week ago, the company was expected to earn $0.35 a share for the quarter. Since then, the company has reportedly been guiding estimates sharply lower in talks with analysts. Now, the consensus estimate calls for only $0.14 a share earnings. Yet, the stock is barely down from a 1998 high of about 37. Imagine where the stock might be if COMS had come out with a specific warning announcement. Still, earnings of just $0.14 a share would be paltry compared to year ago profits of $0.50 a share. This is hard to ignore, even though the market may actually get excited tomorrow when COMS "comes in at expectations" or even "beats estimate by a penny." Now, a surprise is unlikely, and Wall Street analysts can look good, because the company has probably given a good indication of the likely report. That is how the game is played these days. The last three quarter, COMS numbers came in right in line with market expectations. -Spank

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