I'm not saying that the article I quote below is fair. I'm just posting it here so that people can realize that there are others who are commenting on Iomega's report in a negative fashion, and that the negative viewpoint could very well be the dominant one, which will hurt the stock in the short run.
news.com
Iomega not zipping along
By Bloomberg News
Special to CNET News.com
January 21, 1999, 3:20 p.m. PT
Iomega, the No. 1 maker of removable memory-storage disks for personal computers, said fourth-quarter profit fell 47 percent, less than expected, and said two senior executives are resigning.
Iomega's net income fell to $19 million, or 7 cents a share, compared with $36.1 million, or 13 cents, in the year-ago quarter. It was expected to earn 5 cents a share, the average estimate of six analysts surveyed by First Call. Sales fell 8.3 percent to $501.3 million from $546.8 million.
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