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To: j glad who wrote (3639)	11/9/1998 9:18:00 AM
From: Cogito	Read Replies (1) of 10072

>>For what do you attribute the $100 million dollar increase in accounts receivables and the $100 million dollar decline in inventory? My guess is we will see even a bigger discrepancy in the fourth qtr.<< J. - We have known since the second quarter that Iomega would make efforts to reduce inventory, adopting something closer to a build-to-order model, in an effort to reduce costs. Since you don't know the prices charged for the product which was sold in the third quarter, you're making a big assumption when you say inventory was "dumped". Another possible explanation is that management is succeeding in its cost-cutting efforts. Supporting the latter explanation is the fact that the loss for this quarter was significantly narrower than that for the previous quarter. If inventory had been "dumped," then one would expect greater losses. BTW, you didn't answer my question about where you heard that Costco and Circuit City are dropping the Zip drive. Telling me to go ask the store managers is evasive. - Allen

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