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

To: d-fndr who wrote (50788)	3/20/1998 12:12:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

RE: Needham & Co Estimates Those quarterly figures add up to .15›, then if one included the next decimal place, evidently to .16›/share for year 1998. Using this .16›/share earnings with a PE 15, the stock price will be $2.40 in January 1999. With PE 20, $3.20. With PE 30, $4.80. With PE 40, $6.40. With PE 50, $8.00 Current IOM PE = 17.26 IOM will have to have a PE of 50 to see a profit from where the stock is right now. Is my earnings math starting to make more sense to even the most die hard Iomaniac? IOM share price is clearly going down from here.

To: d-fndr who wrote (50788)	3/20/1998 12:24:00 PM
From: Rocky Reid	Respond to of 58324

For the longest time, Iomaniacs have offered the promise that Iomega is "A High Growth " Company as justification to pour big wads of hard-earned cash into it. Guess what? Iomega is by definition, no longer a "High Growth" Company. In fact, it isn't even a Growth Company. It is a rapidly Declining Company. The most optimistic Analyst projections I've seen so far are for a .16›/share profit for year 1998. This is a DECLINE OF 62% year to year. This is a pre-announced disastor.