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

To: RetiredNow who wrote (53063)	4/19/1998 11:55:00 AM
From: Mike Haider	Respond to of 58324

Mindmeld, I had the same problem with a stock called Genus (GGNS) which was recommended to me by Olde at 17 and I have held now all the way down to 2.5. Damm glad I'm a little way from retirement yet, because most of my IRA went into that sorry sucker. I hate to even mention that broker now. Happy hunting

To: RetiredNow who wrote (53063)	4/19/1998 11:58:00 AM
From: sheila rothstein	Read Replies (2) \| Respond to of 58324

Mindmeld, I may be all wet but I think you shorted too late; at the bottom. Check the TA, it appears that it's on an uptrend. I don't know too much about finance (probably nothing) however when a co.'s stock price hits the bottom then every thing possible is done to improve the situation. I think this is what is happening in IOM's case. It will be interesting to get Linda's report on the annual meeting as there will be many unhappy shareholders demanding change. SR

To: RetiredNow who wrote (53063)	4/19/1998 12:16:00 PM
From: John Alan Wallace	Respond to of 58324

To all, All of these financial models are good to look at for sure, however one must also consider that hardly any company "does the right thing" 100% of the time when reporting their numbers. There are ways to delay counting revenue for 2-3 days (or moving it up) but one of the biggest tools companies can use to manipulate numbers is inventory (both finished goods and raw materials). This eventually costs the company a small percentage in cost and even smaller percentage in revenues. As an example, take a company that is supposed to have a profit of 25mm on revenues of 450mm. If they were to increase raw materials inventory by 25mm and finished goods revenue by 15mm you suddenly have figures of loss of 15mm on revenues of 450mm. Now if you find a way to delay 2-3 days of revenue (this I think would be easier to do afar (like Asian and European markets) you would be sitting with a 15mm loss on 425mm in revenues. Anyway, my point is that financial models are only as good as the number put in them. In our society where honesty mostly rests in gray areas, their usefulness is greatly diminished or totally eliminated. I understand that you can go the other way with the numbers also. When considering inventory problems it is important to consider what the make-up of the inventory is. Is it old products that will have to be moved at give-away prices or is it stuff that is stll selling good? Is it raw materials that continue to be used at a rapid rate or raw materials used only in making slow moving or dead products? The one concern I have with Iomega is if their inventory problems are a bigger percentage of tape materials and product. A big inventory of Zip and Jaz materials and products is not a big worry. I understand that would still hurt, but not as much. JW