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

To: Rocky Reid who wrote (9738)	5/11/1999 3:37:00 PM
From: David Colvin	Read Replies (1) \| Respond to of 10072

Iomega 2nd Q '99 Estimates: Clik will lose $15 Million for 2nd Quarter 1999 on sales of $7 Million. This will be the highest $ amount of Quarterly revenues that Iomega ever realizes from Clik. For 2nd Q 1999, Iomega will report: Revenues: $365 Million, down (-7%) year to year from 2nd Q '98 GM $82 Million 22.5% SG&A $61.5 Million 17.0% R&D $23 Million 6.3% Earnings: Loss of $2.5 Million ($0.01) Why the decrease in net earnings losses from your original EPS loss prediction of ($0.02)? Here is a link to your original post containing your original estimate: www3.techstocks.com This is what it said: I will further give guidance estimates for 2nd Q '99 of $365 Million (down -7% from 2nd Q 98) and a loss of ($0.02). What is it that Iomega is doing better now than what you thought they were doing then to justify a decrease in your previously estimated losses per share? By the way, for Q2 1999 what do you thing the net earnings dollars will be before the special charge for restructuring? Dave