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IOMEGA REPORTS FOURTH QUARTER AND 1991 RESULTS

 IOMEGA REPORTS FOURTH QUARTER AND 1991 RESULTS
 ROY, Utah, Jan. 20 /PRNewswire/ -- IOMEGA Corp. (NASDAQ: IOMG)


announced today the results for its fourth quarter ended Dec. 31, 1991. The company reported sales of $39.4 million, pre-tax income of $6.1 million, and net income of $4.3 million, or 26 cents per share. In the corresponding quarter of 1990, sales were $32.9 million, pre- tax income was $5.3 million, and net income was $4.8 million, or 30 cents per share.
 For the 12 months ended Dec. 31, 1991, sales were $136.6 million, pre-tax income was $17.6 million, and net income was $12.3 million, or 75 cents per share, compared to sales of $120.4 million, pre-tax income of $15.5 million, and net income of $14.0 million, or 85 cents per share in 1990.
 Income taxes have been provided at a 30 percent rate in 1991, compared to 10 percent in 1990, as prior year's loss carryforwards are no longer available to offset the current year tax provision. The company expects its tax rate to increase further in 1992.
 The sales and pre-tax income amounts reported for the fourth quarter and for the year ended Dec. 31, 1991 represent record sales and pre-tax earnings compared to any previous quarter or year in the company's history. The primary reasons for the increases in sales and earnings for the fourth quarter and for the year are the strong reception of IOMEGA's new Bernoulli 90 products, introduced July 15, 1991, and the continuous productivity improvements resulting from Total Quality Control programs.
 The company increased its investment in Research and Development expenses by 38 percent from 1990 to 1991, and by 18 percent from the fourth quarter of 1990 to the fourth quarter of 1991. The high level of investment in Research and Development expenses is expected to continue in 1992 as management believes it is critical to the future growth of the company.
 IOMEGA Corp., Roy, Utah, develops, manufactures and sells high- performance removable mass storage products for desktop computers. IOMEGA's patented Bernoulli Technology provides unlimited data storage capability by combining the removability of floppy drives with the high capacity and performance of rigid drives. IOMEGA's common stock is listed on the NASDAQ National Market System under the symbol IOMG.
 IOMEGA CORP.
 Condensed Consolidated Statements of Operations
 (In thousands, except per share data)
 For The For The
 Three Months Ended Year Ended
 Dec. 31, Dec. 31, Dec. 31, Dec. 31,
 1991 1990 1991 1990
 Sales $39,387 $32,879 $136,566 $120,442
 Cost of sales 19,487 15,736 68,404 62,232
 Gross margin 19,900 17,143 68,162 58,210
 Operating expenses:
 Selling, general
 and administrative 9,620 8,290 34,323 31,378
 Research and
 development 4,693 3,964 17,939 13,009
 Total operating
 expenses 14,313 12,254 52,262 44,387
 Operating income 5,587 4,889 15,900 13,823
 Interest and other
 income and expense,
 net 510 423 1,661 1,719
 Income before income
 taxes 6,097 5,312 17,561 15,542
 Provision for income
 taxes (1,785) (525) (5,236) (1,584)
 Net income $4,312 $4,787 $12,325 $13,958
 Net income per
 common share $0.26 $0.30 $0.75 $0.85
 Weighted average
 shares
 outstanding 16,663,129 16,179,845 16,471,099 16,396,629
 Condensed Consolidated Balance Sheets
 (In thousands)
 Dec. 31, Dec. 31,
 1991 1990
 Assets:
 Cash and temporary
 investments $31,611 $29,107
 Trade receivables 19,168 13,648
 Inventories 12,019 9,955
 Other current assets 1,679 1,614
 Total current assets 64,477 54,324
 Fixed assets (net) 15,634 12,123
 Other assets 6,974 6,333
 $87,085 $72,780
 Liabilities and stockholders'
 equity:
 Current liabilities $21,351 $18,217
 Long-term liabilities 889 994
 Stockholders' equity 64,845 53,569
 $87,085 $72,780
 -0- 1/20/92
 /CONTACT: Paul D. Slack of IOMEGA Corp., 801-778-1000/
 (IOMG) CO: IOMEGA Corp. ST: Utah IN: CPR SU: ERN


BB -- DV002 -- 1359 01/20/92 10:35 EST
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Date:Jan 20, 1992
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