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

To: Herb Fuller who wrote (8836)	4/8/1999 11:49:00 PM
From: Herb Fuller	Respond to of 10072

>>> Found on SI Read Rite thread #4713 " <<< Salomon Smith Barney ~ April 8, 1999 04/08/99 Computers: All; Technology Sector Snip : "Iomega (1-S)- Our 1Q99 forecast reflects caution that seasonality in the quarter will not be fully offset by new products due to supply constraints (on new products such as the Zip 250 and Clik! offerings). We forecast a break-even quarter, and although this is a reduction from our prior 1Q estimate, we believe the company will likely quickly make up the earnings difference in subsequent quarters. We maintain our EPS estimate of $0.30 for FY99. Our 12-to-18-month price target for the stock is $11-$13. Going forward IOM will be challenged to translate its progress -- including the improvements the company has made in the last two quarters, many of which are permanent process improvements -- into predictable, sustained profitable " exchange2000.com