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: Michael Coley who wrote (53792)	4/29/1998 12:50:00 AM
From: Ken Pomaranski	Read Replies (4) of 58324

>> SYQT started with small loses too. << Hmmm, would that have been the $33 million loss in Q1 96? Or the $55 million loss in Q2 96? Or perhaps the $41 million loss in Q3 96? I normally respect your opinions and research, but it looks like ** this statement is about as well-researched as a Rocky-ism. Actually I was referring to SYQT's 16.7m loss in 1995, right when the IOM craze was just starting. Also, SYQT's $33m loss in Q1 1996 is not far off from Iomega's 19m loss in Q1 1998. EPS looks worse for SYQT at the time because SYQT's shares outstanding was only about 14million. If IOM had 14m shares outstanding the loss would have been about a 1.25 / share. Now we know the real reason for the split!!! To make the loss look insignificant. 18m is nearly the same loss as SYQT posted a couple quarters last year (and matches a couple in 1997). Shoot, lets split this stock 3 more times! EPS loss would only be about $.01 / share! I'm rather surprised at your response, Mike. Thanks for the 'soft toss'. kp

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next