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

To: Naggrachi who wrote (2286)	10/16/1998 3:01:00 AM
From: Reseller	Read Replies (3) \| Respond to of 10072

Anyone following the company knows what a formidable task it was to change the model from a high margin retail to the low margin OEM business plan. The company pre-announced in the 2Q conference call a loss for this quarter and everyone knew it. The issue was just how bad was the quarter going to be. The doomsayers were calling for a much worse quarter and they were wrong. IOM has become a leaner meaner company wrenching $49 million out of their expenses in one quarter. This along with all the other projects that have progressed has been an outstanding accomplishment and put the company in a turnaround position. The redherring is trying to grow it's business by sensationalism instead of quality analysis. They know that Iomega's products dominate an entire industry, it's products are everywhere. Anyone with any exposure to the industry is aware of Zip drives and how popular they are The stakes are huge and IOM is on the verge of making itself the long term dominate player in the market. This has to scare the hell out of the other major players in the market. Regards Reseller