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Non-Tech : Iomega Thread without Iomega
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To: David Colvin who wrote (9801)5/11/1999 3:46:00 PM
From: Rocky Reid  Read Replies (1) of 10072
 
>>What is it that Iomega is doing better now than what you thought they were doing then to justify a decrease in your previously estimated losses per share?<<

The decision to cut more jobs and close facilites will give a short term benefit to the bottom line. But one must also remember that this is a sign (if the not the very definition) of a shrinking company.

>>By the way, for Q2 1999 what do you thing the net earnings dollars will be before the special charge for restructuring?<<

All of my estimates do NOT include any special charges. Exactly how much Iomega intends to charge against this Q (or whether to spread charges out over time) is up to them.
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