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Non-Tech : Iomega Thread without Iomega
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To: Mel Boreham who wrote (9190)4/17/1999 11:54:00 AM
From: David Colvin  Read Replies (2) of 10072
 
Mel,

I just posted the following reply to Mike Jacobs on the Motley Fool's web site:

Mike,

When operating within their business model, they will have gross margin about 20%, net margin in the mid-single digits.

I listened to the same call, and I can tell you I would sell all my shares immediately if Iomega thought their gross margin was only going to be 20% going forward.

For the just completed Q1 1999, Iomega's gross margin was 24.3% or $93.7 million on revenues of $386.2 million.

Robert Simmons actually said they expected gross margins in the mid to high 20% bracket with net margins in the mid single digits for the third and forth quarters of 1999.

Dave
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