Any info about Iomega (IOM)? Message Board

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

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To: Iceberg who wrote (56426)	6/18/1998 5:53:00 PM
From: s. bateh	Read Replies (4) of 58324

Everyone expects to hear this from me so here it goes......of course this is shit news,sucks,huge shit, tons of it...BUT the street will see this as positive because that is what they have been asking for. They have known about this info. for the last 3 days, I'm sure. Tyler and the rest of the team have not been passing out buttons for the last few days...they have been meeting with wall street. In fact they probably knew a few weeks ago. Yea we may get the hell beat out of us tomorrow and we should...for not saying in qt. 1 that we will lose 100mi. in qt 2 and get the fricking bad news out of the way. BUT i think with the layoffs, and the cpq announcement with other oem's to follow, and click which is still there, we may get a positive reaction out of this.....but it is not good news at all i agree...but that does not change the status of the PRODUCT and its market share. These a--holes just need to figure how to cut costs and quick. They said savings of 50mil. in 2nd half.....thats not to shabby.

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