Busmwi tililor 625-424- 4 www stnndurd nut Standard-Examine- r I'lKUv ‘Amrnzjwimam A v n t imTun Utah bank’s Iomega’s earnings dip great gain ® Still a profitable quarter is a Si upS5 ZIONS profitable quarter Dy DAVID tv DAVID TMOCSTtR lmnH nlplt ROY - There's not much first quarter earnings SALT SUuHlmtl ’ll! ' IMOtSltM nKK — Cl I tons RiitiviutmiiUuu 24 pci cent in loans and Y first quarter earnluKs rose spurml by double diud ginwlh zip lit Iomega's The Roy based ip drive tunker Thursday reported net income of $) 8 million or 4 cents per share The f Inure represents an 81 percent drop from the $518 million or ) cents per share Knitted duriitK the first quarter 1 2000 St ill company officials expressed optimism sayltiH the minimal Income represents the company's sixth consecutive profitable quarter were able to control costs and actually pre-taIncome by five percent compared to the fourth quarter" said lomcnu President and CKO llruee Albertson The company continues to push diversification seeklnn h'P Ini'Kcr markets with Its growing product line Stepping beyond Its mainstay computer Zip drives and disks for Until storage Iomega has branched Into software and in March Introduced (JuIckSync t The data backup software Is compatible with storuKC drives not manufactured by lotucKa "We see many urowlh opportunities" Al bel t son said Other products beltiK marketed Include lllplp KotoShow Predator Comoact Flash and SmartMedia Hist December the company Introduced Active Disk technoloKV other-wisknown as the Zip platform It lets Windows developers create applications that run directly from a Zip disk without havlnu the software stored on a computer hard drive First (mailer revenue from Zip drives and disks fell by $74 million due to lower retail prices for the products and Increased idler-markdrive shipments Sales of da drives and disks also (lecllned dragging revenue from that product line down by $25I million and PocketZIp revenue dropped $800 (XX) to $L1 million lomcKU shares closed tin 18 cents to $162 Thursday on the New York Stock KxchnitMo ‘We Increased e investments The Salt hike City hcndquutcud iinauvlal services holdlnn companv llimsdq tv inn led net income of $M5 million or 82 n uts per share for the quarter ended Mai v It U That compares to $5' million or no nuts pel slime for the first quarter of 2(XH) "We think we Kol off to a meat start for the year" said nark Hinckley ions senior vice president of Investor Relations and Communications "We're el j pleased with the results for the quarter" Investment income from tin sak dl Hie "Star System" an ATM provcssluu nctwoik owned by N banks around the siatiou con tribuled greatly to Ions' orollt The company gained $50 2 million from the February sale Zlous owned 8 percent of Star the third laruest share behind Hank of America and First Union Zlons Kalued auoili er $62 million In non Interest Income hums urew by 20 percent to $17 26 billion "1 don't think we've been any tunic okkivs slvc than we have In the past" Ihm kb) aid "We continue to make a piety sUvuhlc oum her of limns" Acquisitions of banks m ot lie i ulciu slides added to loan Ki'uotli Fc Indium avqut sltlons however loans still Jumpul for the quarter Deposits Increased 155 piueul to $l(85 billion but rose only 5t pci cent excludiuK iic(iilsillons Ions' subsidiary Dluitnl Signature Trust Co had a net loss of $29 million or cents per share for the quarter llliuklcy said the company spends more than it iiiaius while building business "We hope at some point that will turn" he said Shares of Zlons closed up $1 Thursday to $5525 on the NASDAQ You ('(in rrm i Hustings h'dlhn David II vt (boo m shin Troesfer ot 625-41 ti 'bn K'rtVU’ P’ Uql 14 Monim u 9 0 tf A Srt'x I' si i w' k Fhili KL Mjlv t H' W ui'ipn J lk Mill i pi t i qJ J Jr' H K’ tim KIuhij UtnmifU V 4 K i S ’ 3 f J rM7l 71 Iin ‘I i MaI t XVUI flalp hi I'Md qlyy Rate ' Diui'O e iv tf 0 (VolHl HP m hj tM i ip bn inii'h F xnu drt le A ttoml'le AivusHi i inn fUi-- iv iot? nu ii jR tfl It IP ' tm ID tp V H Tv t t ' 4M (71 n (ad n 1 mi r‘D 1 t pi t a h H p m "1 m rp up m 4 i mi Y t Mi U Ini (Vtigp NMii p r hi " TD v‘ft 'lluh ii tt'o ( mi B Idvi lUP ‘tf H pin ' ( ii liikbQio rthkte Hwmqj ' U b'MJkjn linluil yi M I Sset A h'!1 i ajs tl l Ti'pCO- p U vi V U til) io Mm IW iiM tf $ of lit iihIi r' NMs o i p MUlt pel-ce- - 8(u J Sww iib 11 Moniltlll'i i Mr klA 11 41 ss C J i' ‘14(1 i Mi M VI 1 thmhwl Stocks rally for a second day Itm AmmoMmI I'khm NKW YORK Stocks extended their blu rally Thursday defyliiK predictions that profit taking would diminish the previous session's triple-(IlKl- t gains Analysts said the stroiiK advance which Included the Nasdaq composite Index's second stralKht jump of more than 100 points was a sign that Investor sentiment Is - allhoiiKh the I'Vder-u- l Reserve amotiK others re- mains deeply concerned about the health of US businesses "People are believers of this rally That's the bottom line here We're secliiK IIk volume and big price movement In stocks" said Brian Itelskl a market stratcKlxt at US Bancorp Piper affray "If they weren't believers you'd be sccIuk a lot of sell-hiH- " The Nasdini closed up 10270 at 218214 Its third stralKht advance Blue chips also did well with the Dow oncs Industrial averiKe rlsInK 7788 to t 1060171 followloK Its Kdin Wednesday The Standard Kt Poor's 5(X) Index rose 1554 to 125170 stocks fed TechnoloKy much of the day’s koIiis The lonK battered sector has benefited from quarterly results that weren't as weak as expected and Indications that companies expect their business to improve later this 100-poin- year IBM rose $820 to $11470 J an 8 percent advance on u stroiiK earuiiiKs report Unit helped compensate for losses lot lllUlsilll uinouK other non tcchuoloKy ) I'OCA i Wlnu win ul Dow components Johnson Hi liii le y JHIl Johnson slipped $110 to 1(11 (Ucmlv) M $e285 while UoeliiK dropped (xk'uh):) 14 puniil puns 2 M‘i Mvmb wiiiln (i(lmii (up 67 cents to $6061 I) The Nasdaq added to (KDIN While mIi u i 2" Wednesday's 156 point koIii (slcmli) built) I 4 21 k nl i 2 (do o with stocks IncludliiK Apple pi! mil NpniiK i mil winlci 24 (iiiul) ) which rose $291 to $2572 on 10101 AND While win it a better than expected enrn-liiK- s no i 12 (up I) luii ley ‘42 11 a report Oracle had ((town I to slcml) 14 penial crccnt Main rising $2 14 to spiing 4 11 Idown ) pumii 20 11 on an upm'iide from In74-71) (iiuidi lo down wiiiln vestment firm MiiI'kiiii Sian I) Willie whiit ( Al DWI I I ley Dean Witter 4 22 (up 2) iwl bulky 4 H Financials also Ntii'Kcd on (nil lily) buyliiK that intensified late In the session rctlcctliiK Hie belief that Die sector will bene fit from lower Interest rates However the coiiiIiik American Kxpress rose 18 months on Wall Street are cents to $4296 likely to be bumpy with earn "The market's hcKhmliiM to Iiiks remalnliiK weak in the second qiiarler And analysis buy the scenario that the Inwarned that this hlK mlly Is terest rate cuts by the Federal Reserve are going to help" likely to lade in the next few said (iregbry Nle technical days "There's still soon m i cam analyst al First Union Securl ties "We've successfully navi ness out tliic" said Maik Mi uervlnl picsiduil ol Quai Killed earnings so far al tech Rescarili (aoup thoiiKh a lot of Wall Street's The nanow lailo ol stoi ks expectations had been lowered comhiK Into this" risliiK to slocks fallliiK also Stocks have Improved siiKKCsted that the tally might steadily duriiiK the past two end soon AdvaodoK Issues led dediners 8 lo 7 computed weeks The Fed's decision to I on Wednesday on Wednesday to cut Interest with 2New-YoiStock Fx rates - the fourth such move the chaiiKe this year and the second beConsolidated volume caaic tween reKularly scheduled meetliiKs - accelerated the to 175 billion shales commarket's upturn by raisliiK in- pared with 225 billion vestors' confidence about an Wednesday The Russell 2(XX) index was economic turnaround later ibis year up 589 at 472 40 I I I I I ) 1 h-- 1 tio-'i- I 1 Athena awarded to DATC marketing coordinator By BUTH MALAN tomtUM) tmmmt wr(xxxSi( BOUNTIFUL - Franclska Mcacham had tears In her eyes as she accepted the Athena award Thursday at the Davis Chamber of Commerce luncheon The award Is presented by the Chamlter of Commerce and Women In Business Mcacham marketlngfoim-d- a erstrdinator since 1946 with Davis Applied Technology Center was honored for achievements and service to t Ion the community Other nominees Included Dr Nancy Fleming assistant of Davis superintendent School District Sheri Kasley of Lesley' Basel ami Diane M Mathews a Reallor with Mansell Ht Associates Mcacham ‘was born In Switzerland and bolds dual citizenship She has a bachelor of arts degree In marketing and business administration and an MBA with an emphasis in economic development In her role with Davis Applied Technology Center she win ks with worn n of nil agi s and abilities helping tin m to reach their K'sds lor uliiui-lioand pluctmcnl In Jobs 'I Ills year site foiaali d a hook Ustloys of mutual furxis can b found in tfw Sui iday Standard Cxarriiar By Scott Adams Dilbort f YOU rental progiam fin sludmls who can't nffoid books Mcacham Is on I lie boa id of iJlrrclois of the Utah Kid ney Foundation and chubs llic Dialysis Machine Acquisition for the Univcislly of Utah She also Is piojccl dinclor for the Utah Boy s Ranch fundraising piojccl iiuioog other activities df HIATINC CM UNOt VtNf WILL THAT! GOOD TOO 6 4 1 K A I