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To: Senthil Sankarappan who wrote (9142)	4/15/1999 10:56:00 PM
From: Rocky Reid	of 10072

>>I am surprised that no one noticed this. IOM had 1 Mil gain from the ditto sales in this Qtr earnings. They confessed this in the Q & A. If we don't include that then they would have had roughly half a mil loss and not any profit as their report sez.<< Yes, I did notice it. $1 Million down, $2 Million more to be charged against the books. I stand by my estimate of IOM reporting a ($0.02) Operating LOSS 2nd Q 99. Zip revenues will be flat to single digit % growth year to year. Overall REvenues will continue its lonely trek downhill. Iomega will continue to SHRINK as a company. And so too will IOM stock price. IOM is priced at 3.5 times Book Value @ $1.42 ...But not for long. IOM will slide down to a stock price more benefitting a company that is shrinking...IOM $2.50 this Summer.

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