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

To: Byrd Man who wrote (571)	7/16/1998 4:40:00 PM
From: Rocky Reid	Respond to of 10072

At $6, IOM's PE is now 300. After this next Quarter's report, IOM will have no PE ratio (assuming they report anything worse than a $0.09 profit).

To: Byrd Man who wrote (571)	7/16/1998 4:48:00 PM
From: Rocky Reid	Respond to of 10072

>>''It was a tough retail quarter, which hit our Jaz(R) business particularly hard,'' said James E. Sierk, president and chief executive officer, Iomega Corporation. Can anyone say...SparQ !! << SparQ certainly has had an effect, but I think that CD-R sales are what is really hurting Jaz badly. Based on articles I've posted here, over 6 million CD-R/W drives are to be sold this year, and 15 Million more next year. This totally eclipses not only Jaz sales, but Zip sales as well (and by a great margin too). You just can't beat the price of 650 Megabyte CD-R media at $0.49 or so apiece after rebate. And once Sony Ships HiFi. Check and Mate.