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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: sheila rothstein who wrote (267)	6/29/1998 7:48:00 PM
From: Bill Lin	Respond to of 10072

CD Read Write. WORM (write once read many) drives are retailing for $399, with disks selling (650mb) for $0.79 in packs of 20. WMRM (write many read many) disks retail for $16 in packs of 5. Slow write times, and labeling issues. I'm just afraid that IOM will diversify away from removable hard disk media. Already their R&D expenses are not creating new products fast enough. Now if they want to diversify and split their attention... I don't know how successful they might be... BL

To: sheila rothstein who wrote (267)	6/29/1998 8:05:00 PM
From: Bill Lin	Read Replies (2) \| Respond to of 10072

You know, HMTT just reported $56mm in revenue vs the expected $80 mm in revenue. Want to know where the other $24mm in revenue went? I bet you that IOM begged them to hold their disk inventory for Jaz, and HMTT did it. Sierk owes Shauer a big big big favor for this. I think this is one of the methods IOM used to renegotiate its covenants. BL (ps based upon assumptions, it may only be $15mm in FGI held by HMTT)

To: sheila rothstein who wrote (267)	6/29/1998 9:28:00 PM
From: Rocky Reid	Respond to of 10072

Well, my $6 1/8 short was not filled today. If it would have ticked up any more, I may have have been first in line. Maybe not. There might be a lot of short selling going on at this level. ...Because everyone knows IOM is going to report horrible earnings and take a horrendous charge either this Q, or next. Either way, IOM will not have a PE ratio come October and may not have one again for at least 2 years. IOM is going to have report a (-0.20›)+ loss for one of these Quarters.