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

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To: Rob Palmer who wrote (52738)4/16/1998 5:06:00 PM
From: hankiba  Read Replies (2) of 58324
 
sounds like huge inventories, increase in 70 million in inventory to 316 million, too much sga, margins from 33% to 25%, delay of the Jaz 2, the management giving forecasts for profitability for 4Q 98,

Analysts had predicted $.45 gain for the year, now breakeven.
Sounds like competition, pricing and media sales gone down.

Hank
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