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To: David S. who wrote (8614)	3/30/1999 1:49:00 AM
From: Rocky Reid	Read Replies (1) of 10072

There is no reason for IOM to go Up. Earnings are sliding, Downgrades are being issued, prices and are having to be cut, margins are squeezed, etc etc etc Even tough IOM is in the $4's, Iomega's Market Cap is still well above $1 Billion. For a steadily Shrinking Company like Iomega, this leaves PLENTY of room to fall. There are about 280 Million shares outstanding, thanks to a horrific decision to split IOM stock in Dec. 1997. My prediction for 1st Quarter 99 is: Revenues $375 Million (8% decline year to year) Earnings ($0.02) LOSS A warning concerning probable 2nd Quarter losses will be issued. No additional guidance will be offered (just like last time).

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