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

To: Zakrosian who wrote (50183)	3/16/1998 12:14:00 PM
From: Tim Kenney	Respond to of 58324

IS IT TIME FOR JOEL STERNBERG TO COME BACK? RUMOR HAS IT THAT HE IS WAITING FOR 6, his prediction for the stock a year ago. (12 on a pre-split basis.)

To: Zakrosian who wrote (50183)	3/16/1998 1:36:00 PM
From: Cogito	Read Replies (2) \| Respond to of 58324

>>While you may be right in your opinion that the lawsuit prompted a change in IOM's philosophy, I think a more significant reason is that the quarter has apparently unfolded in a completely unexpected way. If I'm reading this announcement right, they're projecting a 33% decline in revenues from last quarter - I believe that's shocking enough to require an earnings warning.<< Zakrosian - I agree with you. I don't see the lawsuit as being the difference. One minor correction. The announcement said revenues would be flat but earnings would be down. BTW, everyone, KE did warn in the Q4 conference call that the ad campaign would not begin to show positive results for several months. So it's not that surprising that the additional costs are affecting Q1, but the additional revenues aren't there yet. Of course, the additional revs may never be there. - Allen