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To: Jock Hutchinson who wrote (602)	7/17/1998 5:38:00 PM
From: Rocky Reid	Read Replies (2) of 10072

Do you really believe IOM will see $7 when the same Quote screen will also reveal a PE 350 starting next week? And this, for a shrinking revenue company with a questionable future in a very unattractive sector? Just wait till the Nomai, rebate, and other operational charges are taken. They can't be put off forever. And IOM's fundamentals will look very bleak. Even bleaker than now. Don't forget, Iomega admitted in the Conference Call that they were selling OEM Zips at a loss. "Negative Gross Margins" for OEM Zip drives. And they are selling more and more of these, and less and less of retail.

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