Any info about Iomega (IOM)? Message Board

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

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To: Jock Hutchinson who wrote (54791)	5/16/1998 4:08:00 AM
From: Philip J. Davis	Read Replies (1) of 58324

Biased Selection from SyQuest's 10-Q: freeedgar.com page 9, Results of Operations, paragraph 2 >>The Company incurred a significant loss in the six months ended March 31, 1998 primarily as a result of substantial expenses incurred for the advertising and marketing campaign associated with the launch of SparQ, the impact of price reductions during the December quarter in response to continued price competition, manufacturing start-up costs related to SparQ and an inability to ship against customer orders. The inability to ship against customer orders resulted primarily from production start-up inefficiencies related to SparQ, including manufacturing yield problems related to SyJet cartridges, late delivery of raw materials, and the need for additional tooling and capital equipment required for production.<< Philip

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