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Iomega Predicts Growth

SAN DIEGO -- Iomega Corporation (NYSE:IOM) today announced that it expects fourth quarter 2007 net revenue to be within a range of $117.0 million to $121.0 million, earnings per share to be within a range of $0.09 to $0.11 per fully diluted share and non-GAAP earnings per share to be within a range of $0.06 to $0.08 per fully diluted share. This compares to previous Company guidance given December 12, 2007 of net revenue of $92.0 million and non-GAAP earnings per share of $0.04 per fully diluted share. Further, this compares to existing street estimates of net revenue of $85.9 million and $91.9 million and non-GAAP earnings per share of $0.02 and $0.04 per fully diluted share, respectively.

Non-GAAP Financial Results

The non-GAAP estimates primarily exclude a one-time pre-tax cash benefit of
$3.5 million related to a prior license of intellectual property and pre-tax expenses of $1.2 million for external professional fees associated with the recently announced acquisition of ExcelStor Group. This pre-tax net benefit of approximately $2.3 million represents the difference between expected GAAP and non-GAAP earnings per share of $0.03 per fully diluted share.

Iomega Corp.