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Non-Tech : Any info about Iomega (IOM)?
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To: Jock Hutchinson who wrote (52843)4/17/1998 1:12:00 AM
From: HardMoney  Read Replies (1) of 58324
 
>>>>>>>>>Why is this sick company worth anything more than one and one half times sales, which would put it well below five dollars?<<<<<

Uhhhhhhhhhh........excuse me "Jock"

But assuming a 13% Sales increase for the rest of the year (very unlikely as it is) that would leave us with ANNUAL revenue of 2 Billion dollars X 1.5 (your price to sales ratio)= $3 billion / 265,000,000 Shares= $11.32

Maybe you were using quarterly figures........use see we with a cerebral cortex use the ANNUAL sales numbers..

Have a pleasant evening,

Frank
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