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

To: W. Clinton Terry who wrote (44485)	1/22/1998 4:56:00 PM
From: Stuart Scolnik	Read Replies (1) \| Respond to of 58324

8

To: W. Clinton Terry who wrote (44485)	1/22/1998 4:59:00 PM
From: Joyce Chen	Read Replies (1) \| Respond to of 58324

9 should be the bottom. I have set my buy limit order at 9.

To: W. Clinton Terry who wrote (44485)	1/22/1998 5:01:00 PM
From: James	Read Replies (2) \| Respond to of 58324

I used to be a fan of IOM. I dump all of their shares when I heard their announcement of split of their stock. A whole bunch of idiots. If they don't respect their stock, who will ? Now I'm glad I did sell them all.

To: W. Clinton Terry who wrote (44485)	1/22/1998 6:27:00 PM
From: Xpiderman	Read Replies (1) \| Respond to of 58324

Iomega <IOM.N> Q4 results affected by demand slump ROY, Utah, Jan 22 (Reuters) - Iomega Corp said sales from its two key storage products grew 48 percent in the fourth quarter from a year ago, but that results were hurt by slow demand in Asia, which led it to postpone some shipments. In a statement, the company also said that the ramp up to volume production of some new products was slower than planned. It did not offer specifics. "Our fourth quarter performance... was affected by a slowdown in demand in Asia and the fact that we postponed shipment of some of our new products into the first quarter of 1998," Kim Edwards, Iomega president and chief executive said. The company reported fourth quarter diluted net income of $0.13 per share, higher than the year ago but short of the consensus expectation among Wall Street analysts of $0.15 per share compiled by First Call. Gross margin for the fourth quarter of 1997 increased to $183 million, or 33.4 percent of sales, from $115 million, or 29.0 percent of sales, for the fourth quarter of 1996. Sales of Zip and Jaz, the company's two key high capacity removable data storage products, grew 48 percent during fourth quarter 1997 versus the year-ago quarter, the company said. By product category, Iomega said its Zip and Jaz product sales were $519 million in the fourth quarter of 1997, but that its Ditto tape product business declined in the fourth quarter by 28 percent year-over-year to $28 million from $39 million. The company said all of its geographic regions experienced year-over-year fourth quarter sales growth. Sales in Iomega's Americas region rose 23 percent to $301 million, European sales grew 55 percent to $197 million and Asia/Pacific sales grew 88 percent year-over-year to $49 million. Iomega said it had record revenue of $547 million, a 38 percent rise over fourth quarter 1996 revenues. Selling, general and administrative expenses as a percentage of sales increased to 19.0 percent, or $104 million, for the fourth quarter of 1997 as compared to fourth quarter 1996 SG&A expenses of $68 million, or 17.2 percent of sales. The company said the increase in SG&A expenses is primarily the result of international expansion, additional headcount, and increased legal and advertising expenses. Iomega fell in after-hours trading to $9 from $12-3/4 at the close of regular trading Thursday, traders said. 17:58 01-22-98