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

To: Rocky Reid who wrote (56884)	6/29/1998 9:50:00 AM
From: Herb Fuller	Read Replies (1) \| Respond to of 58324

Rocky , Please put on the Dunce hat for your latest post , " Do you relaize that by Iomega buying a stake in Nomai, they will have to charge over $20 Million to this Quarter? This means that IOM could post losses of more than (-0.20›)/share this Quarter alone. " When a Corporation makes a purchase of an asset it becomes just that , an asset . This is added to the total assets not listed as a loss . Get Real Rocky or get lost , Herb

To: Rocky Reid who wrote (56884)	6/29/1998 10:39:00 AM
From: John Lacelle	Read Replies (1) \| Respond to of 58324

Rocky, I noticed that the earnings estimates for IOM changed in the latest consensus. Way down, and losses into the next year. IOM is looking stranger all the time. I don't see how they can be losing money, especially how their manufacturing costs in Malasia must have dropped by 40% in the past year. I am all but completely confused by the data. Good to see that IOM bought Nomai. I hope they fire everyone now! -John

To: Rocky Reid who wrote (56884)	6/29/1998 12:16:00 PM
From: Zebedee Wright, Jr.	Read Replies (1) \| Respond to of 58324

Rock According to the press release, the deal closes on July 1. Wouldn't that place the charge in qtr. 3? Zebedee

To: Rocky Reid who wrote (56884)	6/29/1998 1:26:00 PM
From: Jim Duffett	Read Replies (3) \| Respond to of 58324

So what? Wall street doesn't seem to mind. Why should I? All the money and effort that was going to patent fights can now be redirected towards the bottom line. And at the same time, they get rid of something that had the potential to destroy the company. IOM will not be fixed today, tomorrow, next month or maybe even this year. BUT, this news removes one of several major hurdles that IOM faces. Bottom line: The future of IOM is a little brighter today than it was yesterday.