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

To: Joseph who wrote (49414)	3/5/1998 3:39:00 PM
From: s. bateh	Respond to of 58324

C. THEY DO NOT ANNOUNCE UPDATES UNTIL EARNINGS D. JAZ 2 LOOKS LIKE THEY MIGHT MAKE A BIGGER DENT THEN WE THOUGHT PER TYLER. E. JAZ 1 IS SELL REAL WELL..

To: Joseph who wrote (49414)	3/5/1998 3:47:00 PM
From: Michael Coley	Read Replies (2) \| Respond to of 58324

RE: IOM Earnings Warning? Nope, not a chance. Didn't we learn anything from last quarter? Iomega doesn't preannounce when they're going to miss. Don't forget the first $15 million in the new advertising campaign and the lower margins due to Jaz price cuts. (Also, I disagree with those who are expecting Jaz2 to be a contributor this quarter. It's just not out there in volume yet.) I like the fact that you (and me, and many others) are expecting the worst this quarter. As long as the expectations are low, the worst is already factored in to the stock price. - Michael Coley - wwol.com

To: Joseph who wrote (49414)	3/5/1998 7:13:00 PM
From: Gene Kopple	Read Replies (1) \| Respond to of 58324

With regards to the implication that IOM will report a shortfall this quarter, I doubt it. KE very adeptly talked down the earnings estimate during his conference call, thereby negating the necessity of a new warning. I think they will easily meet the present consensus. I still haven't decided if this was intentional ( His stressing the negative, rather than the positives in the Q4 report ) or just ineptness. Gene

To: Joseph who wrote (49414)	3/27/1998 6:49:00 PM
From: Joseph	Respond to of 58324

IOM is definitely flattening out: anticipate zero growth for this year, and a PE of 7-10, like other disk drive makers. Which means the stock has the potential to go even further down. KE resigned for a reason! Joseph PS: Also see the following post from Mar 5, 1998 for my analysis of IOM's situation, some of which I believe carries forward to this whole year. ============================================================= You are responding to this message from Joseph on Mar 5 1998 3:23PM EST IOM Earnings Warning? Folks, here are the reasons why I think this might happen: I would like to hear your opinions. a) Intel announced a significant demand shortfall for their chips, which they said was probably because of an inventory correction being done by the PC makers. This was unanticipated, and surprising. b) The same inventory correction will likely affect all PC hardware components, and it stands to reason that IOM will face the same issue. c) IOM shipped 3 million drives in 4Q, and announced that they had shipped over "12 million drives" in their quarterly report. Yet, in a recent press release dated Feb 25 ("IBM Japan to ship ..."), they made exactly the same statement. To me, this suggests that their shipments have not crossed 13 million yet. This could be evidence of this inventory correction. d) Jaz 2GB just started shipping, and I couldnt find them in most stores. The revenue from this one is not going to be significant this quarter. e) Asian purchasing power is still at an alltime low. f) In their Conference Call, IOM announced that their earnings shortfall was because of the lower margin sales to PC Makers. It looks like if this is the case in this quarter also, the margin will be even lower, since retail sales of computer components are slow in Jan-Feb-March. Therefore, I strongly suspect that an earnings disappointment is in the offing. Your comments are solicited. Joseph