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


To: slipnsip who wrote (50214)3/16/1998 3:14:00 PM
From: cruncher  Read Replies (1) | Respond to of 58324
 
Iomega drops 20% on warning

news.com



To: slipnsip who wrote (50214)3/16/1998 3:39:00 PM
From: BIGSTUDLY  Read Replies (3) | Respond to of 58324
 
HELP, WE'VE FALLEN AND WE CAN'T GET UP!!!
Anyone have any idea were we go from here?
Holding 2k. Can't decide whether to sell or buy more.
Will we bounce or continue down? Anyone have a crystal ball?



To: slipnsip who wrote (50214)3/16/1998 4:11:00 PM
From: Zakrosian  Read Replies (2) | Respond to of 58324
 
Confused on the revenue issue. The two press releases state different things. One states that revenues this quarter will be flat with 1st quarter of 1997 (this would be very bad). The other states that revenues will be flat with Q4 of 97. Which is it??

David - A pretty important distinction. Where did you read that revenues would be flat with the 4th Quarter? If that's true, then IOM will show a 50% increase in revenues despite a deep price cut. That wouldn't be so bad, but I suspect your first scenario is the accurate one.