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

To: Cogito who wrote (46005)	1/29/1998 9:45:00 AM
From: Tim Kenney	Respond to of 58324

>A lot of bears have looked Iomega's reports very carefully, and I have not yet seen any of them, including you, providing any evidence of a rebate reserve problem hitting the bottom line.< Allen, if you recall, the rebates, in a measure that defies accounting logic, were being taking out of the top line. Therefore, the problem can be corrected by reducing the top line in the future. The change in the bottom line would not be explicit. No matter. No need to dwell on IOM's past problems when their problems in the present are so abundant. The company smelled then, and it smells now. That is a warning sign to astute investors.