View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 15, 1998

COMPANY RESULT: IOMEGA CORP

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.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU