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

To: go4it who wrote (58213)	1/17/1999 5:41:00 PM
From: David Colvin	Respond to of 58324

Charles, I like my numbers better also. g Thanks for posting the Yahoo! link. Here is part of a news release, copied directly from Iomega's web site, that discusses Iomega's Q2 1998 earnings: ROY, Utah, July 16, 1998 -- Iomega Corporation (NYSE:IOM) today reported second quarter revenue of $394 million, a decrease of two percent from its second quarter 1997 revenue of $400 million. The Company's net loss, before special charges, for the second quarter was $33.8 million, or $(0.13) per diluted share, and was within the range pre-announced by Iomega on June 18, 1998. Also in the second quarter, Iomega recorded special pre-tax charges of $9.4 million, (or $(0.02) per diluted share after tax), related to its cost reduction efforts. The total after tax loss for the second quarter, including these charges, was $39.9 million, or $(0.15) per diluted share. In the second quarter of 1997, Iomega earned $26.2 million or $0.09 per diluted share. I have been focusing on the total losses, excluding any special charges (like the $0.02 shown above related to Iomega's cost reduction efforts). Sooooo, for fiscal 1998, so far the fully diluted EPS numbers look like this: Q1 = - $0.07 Q2 = - $0.15 (includes a special charge of $0.02 for cost reductions) Q3 = - $0.06 (includes a special charge of $0.03 for acquiring Nomai) Cum diluted EPS through Q3 1998 before special charges..= - $0.28 Cum diluted EPS through Q3 1998 after special charges...= - $0.23 Evidently Charles, your posted numbers are right on the money! Conclusion....H&Q must be working with the lower loss numbers, so their updated estimate for FY 1998 of - $0.17 should include a $0.06 positive Q4 EPS estimate for Q4 1998 (- $0.23 to date + $0.06 for Q4). If not, I really don't get it and the "glazed eye" look will soon start setting in. g But no, why use logic!!!......look at these numbers from post #58202!!! IOM: HAMBRECHT&QUIST has reiterated estimate for fiscal year ending 12/98 of $-0.17 on 01/14/99 IOM: HAMBRECHT&QUIST has reiterated estimate for fiscal year ending 12/99 of $0.25 on 01/14/99 IOM: HAMBRECHT&QUIST has reiterated estimate for quarter ending 03/99 of $0.03 on 01/14/99 IOM: HAMBRECHT&QUIST has reiterated estimate for quarter ending 06/99 of $0.05 on 01/14/99 IOM: HAMBRECHT&QUIST has reiterated estimate for quarter ending 09/99 of $0.07 on 01/14/99 IOM: HAMBRECHT&QUIST has reiterated estimate for quarter ending 12/98 of $0.05 on 01/14/99 <----------------------------------What's with this!!! IOM: HAMBRECHT&QUIST has reiterated estimate for quarter ending 12/99 of $0.10 on 01/14/99 In view of H&Q's "flat-out" estimate of $0.05 for Q4 (highlighted directly above) my mind is now completely in a spiral and I'm laying on the floor quivering with all my synapses short circuiting. g Bottom line......will H&Q's real estimates please stand up! By the way Sheila, I'll go with H&Q's $0.05 estimate highlighted above. I've seen way too many people get burned in the past by "irrational exuberance" over Iomega. Dave