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To: gmccon who wrote (7233)	10/23/1998 12:48:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 7685

A couple of errors in that IOM interview: >>IOM losing money on cartridges. New CEO says he'll be looking for ways to lower the cost.<< This, I believe, is an error. Iomega is losing money on Zip DRIVES, not discs. The discs are where the profit is. Iomega is losing money on every OEM Zip drive sold just to try and get them into computer boxes. Also, in the CNBC interview, they said "200 Million Zip discs" have been sold. This has to be an error. Otherwise, it would mean that 100 Million Zip discs sold in just 2 or 3 months. If they did this, Iomega would have probably reported a $0.40 profit this Quarter. 100 Million Zip discs had been sold to date back in August.