In other earnings news today, Iomega this afternoon posted a fourth-quarter profit of US$3.9 million, as revenues tumbled 43 percent from the year-ago quarter, from $331 million to $189.9 million. “We are focused on building upon our profitable core Zip product line and expanding our position in external CD-RW solutions in order to reverse the revenue decline,” Werner Heid, president and CEO of Iomega said in a statement. The company saw revenue for its Zip, Jaz, and CD-RW products all decline significantly. IBM, meanwhile, announced a fourth-quarter profit of $2.3 billion on revenues of $22.8 billion.
