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

To: Trakker who wrote (56394)	6/18/1998 4:59:00 PM
From: Bill Lin	Respond to of 58324

You are wrong to think that having the CEO spend money to buy a few thousand shares will give anyone any confidence. If the stock goes to $2, maybe. What they have to do is turn the cash flow problem around. They are bleeding cash by spending too much money. Period. Say for example their gross margin is 20%. out of $408mm, thats 81mm gross proft. Their annoucement said that they spent 106mm in SGA ($35mm more before taxes?) With overcapacity in many semiconductor sectors, they should be squeezing their suppliers for margin and efficiency. But they seem to be too slow. There are so many things wrong with this company, a few shares bought by the CEO is nothing. BL