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

To: GGL who wrote (56389)	6/18/1998 4:47:00 PM
From: Philip J. Davis	Read Replies (2) \| Respond to of 58324

Rocky, congratulations. you were right. regards, Philip

To: GGL who wrote (56389)	6/18/1998 4:50:00 PM
From: Bill Lin	Read Replies (2) \| Respond to of 58324

IOM loss was expected. If you didn't expect it, you weren't doing your math. Clearly, IOM's cost structure is out of whack if they cannot make money on $408 million revenues. Same as last quarter, and no reduction in overhead. The 700 laid off is not enough. I guess it won't be a triple in 18 months... They are still hoping for increased unit sales but poor jaz and jaz 2 sales are just eating them alive. Zip is ok, but still selling about 500k units per month not 1 million. Price for jaz is still the reason. They are still stuck with that inventory. Stupid purchasing... BL