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

To: Michael Coley who wrote (53815)	4/29/1998 11:50:00 AM
From: Ken Pomaranski	Read Replies (1) \| Respond to of 58324

<< There's absolutely no comparison, Ken. SYQT lost $34 million on $79 million in sales in Q1 96 (which was in 1995, BTW). That's a 43% net loss. IOM lost $19 million on $408 million in sales in Q1 98. That's only a 5% net loss. That's a world of difference. >> What the heck? A LOSS IS A LOSS. You can sugar coat it all you want, divide it by whatever irrelevent number you feel like, but it doesn't change the basic fact: Iomega is not making money off the ZIP drive standard (loss / revenue )is a completely meaningless stat. Earnings and cash flow make a company, not how much product they can 'give away'. Sure, I can set up shop in my garage, Give a $5 check to 1,000,000 people, charge people $1 for it, and claim I had $1,000,000 in revenues in my home based business! Yes! That makes a company! What it tells me is that at that lofty revenue number, they still can't make money. In my mind, this is worse than Syquest. When IOMs revenues fall further (and OEM sales take a greater percentage) this loss will grow further. In fact, the only thing that will save them from the string of losses is the Xmas quarter, after which the losses will continue. kp PS Mike, I beg you to give this stuff up while your still young. 10 years from now, you will be sorry at all of your missed opportunity..