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October 15, 1998


By CBR Staff Writer

Iomega Corp, Roy, Utah data storage products company, has reported a third-quarter net loss of $14.8m on revenue down 9.3% at $391.8m, compared to net income of $30m, or $0.11 per share, a year ago. Nine-month net loss was $73.3m on revenue that was flat year-over-year at $1.19bn, compared to net income of $79.2m, or $0.29 per share, last year. Results included an acquisition charge of $11.1m. Nine-month results also included a restructuring charge of $9.4m.

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