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

To: Michael Coley who wrote (46454)	1/31/1998 2:52:00 PM
From: Teddy	Respond to of 58324

Uh, is this bad?: "Fourth quarter Zip drive sales remained strong, as evidenced by a 62% increase in the total units shipped versus the third quarter. Units shipped were up about 2 1/2 times fourth quarter 1996. For the year, Zip units shipped were twice 1996. OEM Zip drive shipments were up about 55% over the third quarter and represented 34% of total Zip drives. This percent of OEM shipments was down a couple of points as a result of strong after-market drive shipments in Q4. We were very pleased with the sale of Zip drives to OEM's and the after-market. We have now shipped over 12 million total Zip drives. The progress in the quarter represented another step forward in making Zip the new standard in the removable storage market." Thank you for posting the transcript.

To: Michael Coley who wrote (46454)	1/31/1998 3:04:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

Michael, re: transcript Dude, you have WAY too much time on your hands!!! Thanks. Great job.

To: Michael Coley who wrote (46454)	1/31/1998 5:29:00 PM
From: Christopher White	Respond to of 58324

Michael, Thanks. Christopher

To: Michael Coley who wrote (46454)	1/31/1998 7:41:00 PM
From: Robert Skinner	Respond to of 58324

Thanks Michael

To: Michael Coley who wrote (46454)	1/31/1998 7:58:00 PM
From: cellhigh	Respond to of 58324

mike,this kind of stuff is above the call of duty..thanx a ton, sincerly....rizz

To: Michael Coley who wrote (46454)	1/31/1998 10:25:00 PM
From: Ron Overs	Respond to of 58324

THANKS FOR TAKING THE TROUBLE FOR US -- IT'S MUCH APPRECIATED

To: Michael Coley who wrote (46454)	2/1/1998 6:47:00 AM
From: Amadeo Mendez-Vigo	Respond to of 58324

Great Job....Thanks Mike..also enjoy your "Web"

To: Michael Coley who wrote (46454)	2/1/1998 8:24:00 AM
From: Teddy	Read Replies (1) \| Respond to of 58324

A QUESTION CONCERNING A STATEMENT IN THE CC: What is this all about? Len Purkis, Iomega CFO: "...Our capital expenditures in fourth quarter 97 totaled $34 million, bringing total year capital expenditures to $89 million. We entered 1998 with capacity for about 20 million Zip drives and about 3 million Jaz drives, and our 1998 capital expenditures could be double that of 1997, depending on the speed of growth in 1998. To assure financing of these improvements, we have commitments for a new three year $200 million line of credit underwritten by J.P. Morgan and Citibank, which we expect to have signed in the next week. This new line of credit is now unsecured and has a lower interest rate and fees...." CC Question Relating to this: Stan Corker, Emerald Research: "Good afternoon. You're putting a lot of effort into expanding the market this year. Assuming some success there, can you comment on what capacity will be in place? Can you maybe say what kind of Zip production capacity you have now and where it would be towards the end of the year? Len Purkis: [???], Stan, that they have capacity right now going into 98 for about 20 million Zip drives and about 3 million Jaz drives. As I said also, we spent about $89, $90 million on capital expenditures in 1997 and 1998 capital expenditures could be double that, depending on the speed of our growth in 1998, so I think from that you can see that we're anticipating putting into place capacity to fund future growth. Stan Corker: Kim, could you comment on where you see the licensees in ramping up their production? Kim Edwards: Yeah, they are just starting now and ramping at what I would consider low rates. They still expect to be somewhere by second quarter, in the area of a couple hundred thousand drives a month type of levels, and then they're still planning on--if the volume's there--to be somewhere around 500,000 drives a month level by year end. The only other thing I'd suggest, Stan, is at some point you may want to talk with them directly. I don't know if they're giving us any spin on that, because they are a licensee, but those are the kinds of numbers we're hearing from them." My questions: If Iomega can produce 20 million Zip drives next year and licensees could produce between 2 and 4 million, what is this possible $200 million in capital expenditures for?

To: Michael Coley who wrote (46454)	2/3/1998 12:10:00 AM
From: Michael Coley	Read Replies (4) \| Respond to of 58324

RE: Iomega Q4 1997 Conference Call Transcript - Text Complete. wwol.com The text for the conference call is complete and online now. This includes the entire call: Kim's discussion of the quarter, Len's discussion of the financials, and the entire Q&A session. 1 hour, 20 minutes total. 21 printed pages. 65K of very compact HTML. I still plan on reformatting the HTML to make it a little easier to read and find things. Let me know of any typos or inaccuracies that you find in the transcript so I can fix them. The sound quality on the call was awful, so there were a few short pieces that I couldn't figure out what they were saying, even after listening to the segment numerous times. I've marked those spots with [???]. There was also one name that I couldn't make out. Any help in these areas would be appreciated. Enjoy! - Michael Coley - wwol.com