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

To: kendall harmon who wrote (6394)	1/21/1999 8:38:00 PM
From: Bearded One	Read Replies (3) \| Respond to of 10072

I'm not saying that the article I quote below is fair. I'm just posting it here so that people can realize that there are others who are commenting on Iomega's report in a negative fashion, and that the negative viewpoint could very well be the dominant one, which will hurt the stock in the short run. news.com Iomega not zipping along By Bloomberg News Special to CNET News.com January 21, 1999, 3:20 p.m. PT Iomega, the No. 1 maker of removable memory-storage disks for personal computers, said fourth-quarter profit fell 47 percent, less than expected, and said two senior executives are resigning. Iomega's net income fell to $19 million, or 7 cents a share, compared with $36.1 million, or 13 cents, in the year-ago quarter. It was expected to earn 5 cents a share, the average estimate of six analysts surveyed by First Call. Sales fell 8.3 percent to $501.3 million from $546.8 million. ...