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

To: s. bateh who wrote (56451)	6/18/1998 7:06:00 PM
From: Iceberg	Respond to of 58324

>BUT do you not agree that iom's whole problem is that they just need to reduce costs? s. No. IOM needs more than that. Ice

To: s. bateh who wrote (56451)	6/18/1998 7:10:00 PM
From: Daniel P. Dwyer	Read Replies (1) \| Respond to of 58324

One of the problems about just cutting costs, especially when you cut people, is gettig the wrong people to leave and the right people to stay. The new acting ceo, Sierk, has been acting for two months now and should have made it one of his priorities. But to be fair, taking any dramatic option before initializing the sigma program may have been premature. Remember, they had a quality problem first. That's behind them (hopefully). Now they are going to attack costs, and that is the way to increase margins, especially if you are going to a lower revenue margin model like oem. The price should be wild tomorrow, but it is pretty much beaten down as it is. Still would like to get some confirmation about after hours trading. Has it been halted, as earlier mentioned? IOM is an NYSE stock, so it could trade after hours if there was a market for it. Dan Dwyer