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

To: Cogito who wrote (46011)	1/29/1998 9:51:00 AM
From: Tim Kenney	Read Replies (2) \| Respond to of 58324

>One other question on this. Since the books do need to balance at the end of the year, wouldn't any huge rebate reserve problem have shown up at the end of '96, which is when, I believe, some people were predicting it would?< No more than a Japanese banks have not yet written off bad loan that were non-performing a year ago. >Or are you saying that this enormous problem actually caused the company to miss estimates by a whole penny for Q4 '97? That would hardly be the significant impact you and others predicted so long ago.< Perhaps they would have beaten estimates as usual had they not had to adjust revenue. After all, the company did have huge year over year unit shipment growth, so a 23% Americas revenue gain seems a little strange. But, I admit, that is speculation. I accept the notion that Zip sales are floundering. (Yes, I know KE's explanation--i.e. that the disappointing revenue growth in spite of robust sales is because of OEM sales. Then again, this is the same man that says that Asia, which accounts for only a small portion of sales, was a big culprit in the shortfall.)