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Non-Tech : Iomega Thread without Iomega

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To: Ben Antanaitis who wrote (5049)12/11/1998 9:04:00 AM
From: Michael Coley  Read Replies (1) of 10072
 
RE: Charges out of Q4 Earnings?

Ben,

>> Even the FTC fine, which also comes out of 4Q earnings, is a one timer. <<

It is a one-timer, but not out of Q4 earnings. As Susan Stillings said in the article, it was accounted for in previous periods. Iomega is very conservative in their accounting.

From the article: "Stillings said, noting that the settlement has already been accounted for and will not be reflected in the company's fourth quarter earning statement."

- Michael Coley
- wwol.com
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