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 (53792)	4/29/1998 9:15:00 AM
From: hankiba	Read Replies (4) of 58324

SYQT better than IOM Syqt conference call was the best they have had in years. The reasons are as follows: 1. Gross margin breakeven without any need for change in product mix or increased tie rates. 2. Great revenue growth of 180% to 47 million. This number is better than any street expectations and signals demand is there for the sparq. This is a confirmation that SPARQ is a real product. 3. Increased distribution channels. This announcement triples the amount of stores that sparq is being sold in. Huge deal. 4. Addressed the share count issue with it being 164 million shares. However, if the warrants were converted, the compnay would recieve another $150 million in cash. Huge deal for institutional investors. This is great news. 5. 500,000 sparq cartidges reaffirmed as viable in 4Q 98. 6. beat sparq shipped estimates of 110,000 units by 50,000 by Howard Rosencraus of HD Brous. Main point--The company is much better off in terms of visibility, sales, capital structure, image, and market share than they were 1 year ago. The company has even stated that gm breakeven is moved up 2 qtrs to 2q'98. Great news. Syqt going up, Iom going down. Hankiba

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