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


To: Rocky Reid who wrote (56481)6/18/1998 10:43:00 PM
From: Brendan2012  Read Replies (1) | Respond to of 58324
 
>>Iomega is losing money on OEM sales<<

I think the company has stated that they aren't selling any products below cost. Assuming they aren't lying (which may not be a safe assumption!), higher revenues+SG&A and R&D cost cutting=lower loss or profit.

Iomega can return to profitability with significant cost reductions.

Brendan