Any info about Iomega (IOM)? Message Board

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

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To: Cogito who wrote (58282)	4/19/1999 2:49:00 AM
From: Reseller	Read Replies (1) of 58324

The Zip 250 is out in volume and the revelation that IOM is selling these to the OEM's at a positive margin was great news. Would like to see Zip 100 pricing for the OEM's continue to come down appealing to the sub $1000 market while Zip 250 continues to capture a larger share of the Zip 100 market, supported by the comment by Robert Simmons V.P. and Treasurer about the expected ratio of 50/50 Zip 100 to Zip 250. One of their weak spots has always been the negative gross on sales of drives to the OEMs. vcall.com Also their expectation of Clik! accounting for 10% of this years income was stunning, I had no idea the assessment of this years sales would be so good. The analysts were also taken off guard and asked for and received a restatement, 10% . With the cost cutting that has happened and further cuts from a divisional structure to a functional structure, the reductions of head count along with facility consolidations is all the stuff that I wanted to hear. It looks like IOM has more than turned the corner, I'm more encouraged with every quarter. Regards Reseller

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