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

To: Rational who wrote (50686)	3/18/1998 8:41:00 PM
From: Rocky Reid	Read Replies (2) \| Respond to of 58324

>My opinion that the current accounting numbers are useless is in the sense that they do not provide any new incremental information, crucial for stock price movements from the current level.<< I agree somewhat. We may not know until the next CC if Iomega can reverse its negative cash flow. The only way they can is if they either layoff employees, close down some manufacturing, or employ other cost-saving methods. How the Market will react to news of an employee layoff, I don't know. It could go up. On the other hand, it could be met with the derision that Iomega is a horrible monster who ships jobs overseas then fires even more employees when things get tough.