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

To: David S. who wrote (50211)	3/16/1998 2:52:00 PM
From: BIGSTUDLY	Read Replies (2) \| Respond to of 58324

My Goodness! I just got back from a fishing trip and see that I am $3,000 poorer, (at least on paper)! What are those damn managers at IOM doing? Are we trusting a bunch of morons? I hope not!

To: David S. who wrote (50211)	3/16/1998 3:51:00 PM
From: Bill Lin	Read Replies (1) \| Respond to of 58324

Backing out the numbers... Sales of $360 million Cost of goods sold of 70% or $252 million Gross Income of $108 million SGA of $110 million (guess) R&D of $24 million Operating expenses of $134 million Loss of $26 million Tax deferment of $8.8 million Net Loss of $16.4 million or $0.06 per share using 260.7 million shares outstanding. looking at quarterly SGA spending, it increased: Q4 '96 $33.1mm Q1 '97 $54.4mm Q2 '97 $60.8mm Q3 '97 $72.6mm Q4 '97 $104.1mm Q1 '98 est$110.0mm If revenues are indeed $360 million, then advertising campaign was a total bust, assuming average selling price only decline 20% from last year, and release of buz/jaz2 is included in IOM's press release revenue estimate. BL ps its easy to see it not hard to get profitable again.