to our shareholders 2001 was a troubled year for iomega with substantial 36 decline in revenues and net loss of 93 million or 1 74 per share one the few financial pluses that we achieved profitability fourth quarter many companies had trouble during have made excuses regarding deteriorating economy september 11th tragedy are human enough wish could blame performance on external factors unfortunately is not case looking back over can now see wounds most part were self inflicted number business errors damaging introduction several new products fell short expectations did accurately estimate size markets these necessary pricing levels ability turn into profitable businesses this compounded by shortcomings procurement practices resulting product costs excess reasonable selling prices bruce albertson resigned as ceo director may temporary measure board created committee comprised two directors robert berkowitz
