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Non-Tech : Iomega Thread without Iomega
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To: Alan Rosen who wrote (9189)4/16/1999 8:23:00 PM
From: Mel Boreham  Read Replies (1) of 10072
 
Alan an all IOM folks, Vcall had another half hour interview this afternoon to clear up and get more emphasis on certain areas of yesterday's CC that the Emerald analysts wanted to go into in more detail.

I just listened to the vcall interview and think it is very much worth the investment of 30 minutes listening. Here is was Mike Jacobs brought out in a recent post in The Motley Fool board... Mel

Repost follows:

Author: MikeJacobs Number: of 20655

Iomega represented by Robert Simmons VP/Treasurer. Interviewed by Besecker and Corker of Emerald Research. Mostly a rehash of yesterdays earnings call, but a few of the new items....unless I just missed them yesterday:

- Simmons: "we will play in the optical segment soon."
- clarified the mid-single digit net statement....a little: Iomega has updated guidance to state that they will operate as per their business model in the second half of the year. When operating within their business model, they will have gross margin about 20%, net margin in the mid-single digits.
- e-commerce site will happen soon
- estimated by the end of the year to have Zip100/Zip250 sales ratio be 50/50.
- confirmed Zip100 OEM still at negative margin. Zip250 OEM has positive margin.
- restated that Clik! will be 10% of total annual revenue for ' 99
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