Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jambo who wrote (52778)	4/16/1998 8:11:00 PM
From: Reseller	Read Replies (4) of 58324

It's the Sales.. First quarter revenue of $408 million !.. I didn't expect sales to be so strong and with confirmation that these sales were sell thru sales not sell in sales. 50 % of the sales to OEM customers however the five largest OEM's sales accounting for 40% of the OEM sales, the largest box makers ( the white box makers ) have adopted Zip by installing the other 60%of the overall OEM sales. All the little guys are putting Zip in as well . This conference call was a lot better than the last with access to the different players of the company. It looks like these are the guys that got into the life boats and pulled it out, with Zip units up 61% and total revenue up 13% and restated the goal of making Zip the standard drive. Tighter controls were initiated with a build to order system, legal entanglements that are holding Nomai at bay and directives to bring SG&A in line. This was not the disaster that the bears are looking for. The street factored in a worse quarter than this. Staying long liking what I'm seeing. Reseller

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next