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Non-Tech : Any info about Iomega (IOM)?
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To: Jeffery E. Forrest who wrote (17522)3/5/1997 10:11:00 PM
From: Cogito   of 58324
 
>>It looks to me like my "rebate scenario" came true. Rebates "generally" don't get used. IOM had a return of about 60-70% rebates if I remember correctly!! FAR more than is the usual case. Most rebate programs only get a 20% or so return rate. Between that and the DEBT problems they had/have to settle, I just don't see the momentum players EVER piling into IO again. <<

Jeffrey -

Where do you get information to indicate that the rebate return rate was 60 to 70%?

And by the way, in the last two conference calls, KE and his CFO have referred to a rebate return rate of around 50%. They have stated that they have reduced sales by the expected rebate returns WHEN DRIVES ARE SHIPPED, and that they have set aside cash reserves to pay these rebates.

- Allen
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