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

To: Michael Coley who wrote (53792)	4/29/1998 12:50:00 AM
From: Ken Pomaranski	Read Replies (4) \| Respond to of 58324

>> SYQT started with small loses too. << Hmmm, would that have been the $33 million loss in Q1 96? Or the $55 million loss in Q2 96? Or perhaps the $41 million loss in Q3 96? I normally respect your opinions and research, but it looks like ** this statement is about as well-researched as a Rocky-ism. Actually I was referring to SYQT's 16.7m loss in 1995, right when the IOM craze was just starting. Also, SYQT's $33m loss in Q1 1996 is not far off from Iomega's 19m loss in Q1 1998. EPS looks worse for SYQT at the time because SYQT's shares outstanding was only about 14million. If IOM had 14m shares outstanding the loss would have been about a 1.25 / share. Now we know the real reason for the split!!! To make the loss look insignificant. 18m is nearly the same loss as SYQT posted a couple quarters last year (and matches a couple in 1997). Shoot, lets split this stock 3 more times! EPS loss would only be about $.01 / share! I'm rather surprised at your response, Mike. Thanks for the 'soft toss'. kp

To: Michael Coley who wrote (53792)	4/29/1998 9:15:00 AM
From: hankiba	Read Replies (4) \| Respond to of 58324

SYQT better than IOM Syqt conference call was the best they have had in years. The reasons are as follows: 1. Gross margin breakeven without any need for change in product mix or increased tie rates. 2. Great revenue growth of 180% to 47 million. This number is better than any street expectations and signals demand is there for the sparq. This is a confirmation that SPARQ is a real product. 3. Increased distribution channels. This announcement triples the amount of stores that sparq is being sold in. Huge deal. 4. Addressed the share count issue with it being 164 million shares. However, if the warrants were converted, the compnay would recieve another $150 million in cash. Huge deal for institutional investors. This is great news. 5. 500,000 sparq cartidges reaffirmed as viable in 4Q 98. 6. beat sparq shipped estimates of 110,000 units by 50,000 by Howard Rosencraus of HD Brous. Main point--The company is much better off in terms of visibility, sales, capital structure, image, and market share than they were 1 year ago. The company has even stated that gm breakeven is moved up 2 qtrs to 2q'98. Great news. Syqt going up, Iom going down. Hankiba