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


To: Linda Pearson who wrote (57222)7/16/1998 4:10:00 PM
From: Rocky Reid  Respond to of 58324
 
Linda won in beating everyone else to the punch.

. Looks like Iomega's revenue slowdown ($394 M) compared to last year ($400 M) is the big shoe to drop this time.



To: Linda Pearson who wrote (57222)7/16/1998 4:10:00 PM
From: Jeff Mills  Read Replies (2) | Respond to of 58324
 
DJ 16:08 [IOM] *IOMEGA EXPECTS TO BE CASH FLOW NEGATIVE FOR FULL YEAR
DJ 16:08 [IOM] *IOMEGA SEES POSITIVE 2ND HALF CASH FLOW BEFORE NOMAI COSTS
DJ 16:07 [IOM] *IOMEGA SEES $50M SAVINGS IN 2ND HALF FROM REORGANIZATION
DJ 16:05 [IOM] *IOMEGA CORP. 2Q ZIP SALES ROSE 10% TO $284M
DJ 16:05 [IOM] *IOMEGA LATEST 2Q HURT BY JAZ BUSINESS
DJ 16:04 [IOM] *IOMEGA LATEST 2Q INCLUDES 2C/SHR CHG FOR COST CUTTING
DJ 16:04 [IOM] *IOMEGA CORP. 2Q REVENUES $394M VS $400M
DJ 16:04 [IOM] *IOMEGA CORP. 2Q OPER LOSS $33.8M VS NET $26.2M
DB 16:03 [IOM] IOMEGA Q2 NET LOSS 15 CENTS ON CHARGE VS PROFIT 9 CENTS.
DJ 16:03 [IOM] *IOMEGA CORP. 2Q OPER LOSS 13C/DILUTED SHARE VS NET 9C
DB 16:03 [IOM] IOMEGA Q2 LOSS 13 CENTS EXCL CHARGES.



To: Linda Pearson who wrote (57222)7/16/1998 4:14:00 PM
From: Rocky Reid  Respond to of 58324
 
Anyone have Instinet? Or is IOM halted?



To: Linda Pearson who wrote (57222)7/16/1998 6:15:00 PM
From: Vanni Resta  Respond to of 58324
 
Wow. A 13 cent loss vs. a 9 cent expected loss.

A 44% negative earnings surprise.

Not very good.

Happy Investing!

Vanni