Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Michael Coley who wrote (34834)	11/7/1997 8:20:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 58324

IOM: BUCKINGHAM RES decreased estimate for fiscal year ending 12/98 from $1.22 to $1.01 on 11/05/97 IOM: BUCKINGHAM RES decreased estimate for quarter ending 09/98 from $0.34 to $0.26 on 11/05/97 IOM: BUCKINGHAM RES decreased estimate for quarter ending 12/98 from $0.36 to $0.25 on 11/05/97

To: Michael Coley who wrote (34834)	11/7/1997 8:37:00 PM
From: D.J.Smyth	Read Replies (3) \| Respond to of 58324

IOM has their own working sparky and ORB; i suppose they will make their release soon as it's obvious the market is tightening its strings. there doesn't appear to be any credible evidence as to why Buckingham lowered estimates as Buckingham admits adding no leverage for nhand. so we'll see after nhand's introduction if Buckingham changes their nearterm view; surprised that no information regarding any estimate change was on bloomberg today. didn't seem to affect IOM much today. nhand's announcement must be bigger than anticipated, don't know. it is obvious that Buckingham is giving IOM no room for new products beyond zip, jazz, nhand, buzz or recordit. makes no sense to me.

To: Michael Coley who wrote (34834)	11/7/1997 8:55:00 PM
From: D.J.Smyth	Respond to of 58324

Michael, GM, the ORB would make one thing clear: put an effective nail in Syquest's sparky for certain; the Orb representing greater speed and higher capacity would obsolete sparky immediately. one positive aspect about buckingham's reversal is that IOM won't need to work as hard to jump the estimate hoop with lowered expectations. when IOM does make the estimates, it may look brighter. when IOM does introduce their own sparky or Orb (which i hope is soon as this may make the market nervous all these new competitors - its obviously made buckingham nervous) it will be as competitive if not more so than sparky or Orb. it is possible that IOM's versiion will be based on Samsung's new SpinPoint drive which is MR. i spoke with several platter makers the past week regarding their involvement with nhand, if any, and nearly all of them have indicated a knowledge of the product and all stated "we have the capability to produce platters for the product..." the cost of zip will obviously drop for OEMs, but the usage will increase as the cost of media will also decrease. the sale/cost mixture will still sustain earnings for IOM especially if nhand is the success we think it will be