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


To: Cogito who wrote (45984)1/28/1998 11:49:00 AM
From: Tim Kenney  Read Replies (2) | Respond to of 58324
 
>As for rebate accounting affecting this quarter's report, I think you must not have
been paying attention to the quarterly reports for the past year. Rebates ended in
Q1, and any fallout for earnings would have hit the bottom line a while ago.<

Just like Allen. He continues to believe anything his friends at Iomega tell him. Revenues that were fudged upward in 1997 can be fudged back down the following year. It does not matter when the rebates ended as long as the books balance at the end of the year. Hail KE!!!