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Non-Tech : Any info about Iomega (IOM)?
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To: s. bateh who wrote (56470)6/18/1998 9:25:00 PM
From: Rocky Reid  Read Replies (1) of 58324
 
>> Do i stick by my triple in 18 months? yep! only because they say that all this bad news should be cleared up<<

This is pretty much exactly what you said back in January when you said IOM would double or triple by Summer because IOM would suprise everyone with profits.

Well, they suprised everyone after all.

Even me, who had previously predicted that IOM would lose (-.10›) a share this quarter. Now as it turns out, they have revised downwards to (-.10›) to (-.13›). Folks, it's going to be much worse than this. If IOM loses (-.15›) this Q, it will have no PE ratio. IOM will now certainly be guaranteed to have no PE ratio now by mid October (this because IOM will show a loss for the last 4 Q's).

What's now being analyzed is that revenues are also very disappointing. They are anticipating $408 Million. Last year? $400 Million. This is called non-growth in revenues. This is serious business if one is thinking they are buying into a "growing company".

And now, there are calls by Rosencranz for Iomega to drop the unprofitably "disastorous" Jaz line. Why?

SparQ, CD-R, CD-RW, and now DVD-RAM drives are killing Jaz, exactly like I said they would. And this doesn't even throw Castlewood ORB into the mix.

Maybe, instead of trying to make up excuses for staying invested in IOM, one should look around and see obvious picks like YHOO that are going up and up and up...
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