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

To: Reseller who wrote (44776)	1/23/1998 8:08:00 AM
From: Cogito	Read Replies (2) \| Respond to of 58324

>>A couple of comments on the new products that didn't ship. I have a list of people ( some wanting to prepay ) waiting for Buz. We also had people putting off Jaz purchases due to the Jaz II release.<< Reseller - As an investor, the number one thing I want to see from Iomega now is execution with respect to new products. I want to see Jaz2 on the shelves so we can see if it sells, and not in late February or March, either. I want to see Buz out there. I didn't think KE was blaming anybody else for failure to get products out. I felt he was not only taking the blame squarely, but also making management moves to deal with the situation. That's great but stock prices don't move up on promises. We have to see results. I'm still planning to hold through the Q2 report, because I am giving the company better than a 50/50 chance to continue its growth. Last week, I would have said better than 80/20. - Allen

To: Reseller who wrote (44776)	1/25/1998 4:26:00 AM
From: Reseller	Read Replies (2) \| Respond to of 58324

Been thinking about this all day while taking it out on a paint brush. ( the therapy didn't work ) Perhaps someone could answer a couple of questions. Someone with an accounting background. In particular my questions have to do with reserving forward expenses. !. Are companies required to expense real costs that will occur in the future, please note I said required. 2. Are companies required to expense perceived costs such as bad debt even though there is a possibility that they may not occur I did note that their reserve for inventory had jumped from around 26 mil to 42 mil, the reserve for channel rebates jumped 3 mil and for bad debt $750, thou. For a total reserve increase of approx. 20 mil. hmmmm ( .08 eps ) I would suggest that Iomega could have worked their numbers a little different and made the quarter. I don't believe that missing their numbers was a happenstance and that they could have easily made them. IMO IOM has two very big shortcomings. They will not receive respect from the street until they show respect for the street. Guidance for those that recommend their stock in my mind should be a given. K.E. needs help. Someone get this guy some professional handlers. He does not speak well to the street . Reseller