Any info about Iomega (IOM)? Message Board

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

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To: Michael Coley who wrote (53340)	4/22/1998 12:26:00 AM
From: Jock Hutchinson	Read Replies (1) of 58324

Guidance going forward: 15-20% SG&A, 3-5% R&D, 24-32% GM. Michael: it seems like the same old nonsense coming out of IOM management. First, there is no way that they will make their so-called forward guidance of 15-20% in the next quarter. Again, this is a management that talks about being a ten billion-dollar company, but doesn't provide any guidance about next quarter's revenues. The percentage that is going to be spent for R&D can only be described in one word-pathetic. Top end chip companies spend 20 % on R&D, and IOM is going to develop all kinds of cutting edge products with a tiny three- percent. Boy that really augers well for the future. The "guidance" on GM isn't anything of the sort. Those figures are gross guesstimates. For example, Intel's guidance usually has an error margin of about four- percent. Here the error margin on GM is thirty three percent. I am sure many thought there would be some sort of dramatic announcement like a new CEO. Didn't happen. Looks to me like nothing new at all.

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