Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Ken Marcus who wrote (1565)	5/8/1996 1:02:00 AM
From: Ken Marcus	of 58324

Syquest lost 51.1 million dollars on the revenue of 47.4 million. Negative margin of 53%. They lost $4.49 per share. Accounts payable 77 million, accounts receivables 40 million. They have 7 million in cash. Bank debt 18 million. Syquest losses are so large that I think they will go to chapter 11. To me this means that any threat to jaz from Syjet is effectively over. The future looks good. As for tomorrow, iomg may go down, but 3 months from now we will be up, same in 6 months... Ken

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