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

To: Teddy who wrote (46513)	2/1/1998 11:01:00 AM
From: Les White	Respond to of 58324

<<what's the 200 mil in captial expenses for?>> There have been a couple of posts regarding new production facilities and planned hiring for click. It looks like a pretty big plan for click production and possibly some other new products that we don't know about yet. A lot of money has and is being spent on R&D. I believe there are new products under development that for competetive reasons are being kept secret (not to mention impatient investors who can't stand delays). At some point the money has to be budgeted for production facilities. What is hidden from the public is often visible as money in the budget. IOM can't be a one horse show for much longer. KE appears to be doing the right thing in leveraging the success of Zip into future products to broaden the base of the company and insure it's future prosperity. I suspect that is where most of the future capital expenses will be allocated. Les