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To: HardMoney who wrote (6393)	1/21/1999 7:43:00 PM
From: kendall harmon	Read Replies (1) of 10072

One key will be how analysts and others view this statement by the CEO: ''I am pleased that we were able to deliver on our goal of fourth quarter profitability,'' said Jodie Glore, president and chief executive officer, Iomega Corporation. ''And I'm extremely pleased with our balance sheet improvements. We generated over $100 million in positive cash flow and reduced inventory by an additional 16 percent beyond the improvements made in the third quarter. ''As a result we exited the year with a strong balance sheet which will be critical to our future plans. Going forward we will be focused on growth, profitability, and asset management.'' ''Our fourth quarter results are a strong indicator of the progress we have made, but we still have work to do,'' continued Mr. Glore. ''Due to first quarter seasonality and component constraints associated with ramping new products, we expect our first quarter 1999 results to be approximately breakeven with the possibility of a small profit or loss.''

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