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Show GDheSaltLakeTribune BUSINESS M@ CONSUMER CORNER, D-8 Mf UTAH BRIEFS, D-9 AUGUST 10, 2007 TEBUSINESS GLANCE, D-11 Job Cuts Going Deeper.at Iomega Its Utah employment will dwindle 38 percent conference call with analysts to discuss details of restructuring actions announced July 19 company BY PAUL BEEBE ‘THE SALT LAKE TRIBUNE Tomega Corp. on Thursday increased the number of employees it will fire by the endof this year in order to meee’expenses in line with falling revent The Roteed maker of Zip and '| shrink Iomega’s global work force from headquarters. Heid lives in San Diego,as does the company’s hands-on David Dunn, who is Iomega’s “We are still evaluating different locations in the state ofCalifornia, as well as outside the state of California,” Heid said. He said Iomegaexpects to take a point of this business, stop the revenue decline and improve operational efficiencies,” he said. Revenue in the second quarter slumped to $184.1 ee for personal computers and storage devices, “The market is very, very’ depressed,” Heid said. A former executive at InFocus Corp., Heid was named president and CEO on June 18, one month ‘after former CEO Bruce Albertson’ resigned over differences with~ the 3,300 people to 2,050, S| or about 38 percent. Employment in Utah will decline Se © ron ee companyfig- manufacturing, inventory and other The actions are Se eta $65 million a year, and should make isidalso sidstopped & repert in a 2 Tomega,profitableinfiscal 2002, which month, Iomega said it would lay off ee California newspaper that said in January, Heidsaid. 800 to 1,100 people. “Our goal in the short term is to Chief Executive Werner Heid did Tomega was searching for office space not explain the revision during a in oni Diego for its new ae significantly lower the break-even Semantics Utah Consumer Survey SES A quarterly snapshot of Utah jobs and spending The stock market ended the session The Utah ConsumerSurvey is conducted quarterly by Valley Research of Salt Lake City. More than 500 adults nearly flat Thursday after eer yet anolhercsappcintment— real ales sponding apece likely to etc How the economy. Sues Clear Channel eeeeithasusedis strength in radio broadcasting to mo- ~all employed persons) r Judges uphold penalty against salon for not having insurance a i <an88 7 Oct-98 Jan-99 Arad How manyof us have a second job? F 1% T | ors I ha Jan-00 Apr00 Jur00 7 | r | | | San Antonio-based Clear Channel’s 15% | cert promotion company SFX Communications Inc. An independentrock-music pro- 10% % Particular filed in a lawsuit ceicay ihPresents federal court Deavee. The promoter charged that Clear Channel, which owns sevenradio stations in Utah andis poised to buy Oct-97 Jan-98 Apr-98 Juk9B Oct-98 Jan-99 Apr-99 JuL99 Oct-09 Jan-00 Apr-00 JulO0 Oct-00 Jan-017 How manyof us are seeking another job? 30% F + + r — 25% i | 22% | KTVX-Channel 4, refuses to play musical acts on its stations unless they also use Clear Channel Entertainment to promote their shows. ‘The tactic gives Clear Channel an unfair advantage over other promoters, the Denver company said. nothing wrong. eee for alleged pakpandateaboce apologized to the companyonits front page, renounced the stories and rae anataSs eo 15% * 10% 5% Chiq' iwyer, rge Ventura ofSalt Lake City,had asked Sherman last month to orderthe two ries. Ventura saystheheinformation itistectal to a laveuit has filed is Ventura argued thatthe privilege | | | a | 18% 9 ta J Oct-97 Jan-98 Apr-98 ply because his identity already had been revealed yee former En- tye only miennepon could not assume that he was the only confidential source and that a shield law can be waived only by a news person. Ventura’s attorney, Marc Mezi- bov,said he had not decided what \ step to take next. | Qwest, Microsoft Deal to purchase workers’ Ces | definition ofthe word “is”is. = answer depends on what your ; An attorney for John’s Salon ‘made that argument before the Utah Court of Appeals, attempting to void a penalty levied by the state Labor Commission. | \ B99, 20% 21% 116% 17% 15% pt ia Jul-98 Ww We | Oct-98 ie 1 Jan-99 Apr-99 Jul99 But the toquestion semantics enough convinceofthe judges towas‘not reverse the penalty, oe said in an opinion issued Thursda’ ‘The case inean when the commission | TE | 12% tle | _—, 8% aie 1 “ os F = JuHO0 Oct-00 - a ale | PO -~ 7 “ ax 15% ing failure to comply could result in pencommission ant anothernotice in Febalties. After receiving no response, the Jan-01 Apr-01 Boe a oe 2 | ] i maiiitain ton 1999. The salon then bought policy retroactiveto eb180 Feb 1, lore we 21% 1 10% senta notice to the salon in January 1999, asking for proof of insurance and. warn- would impose a $1,000 Oct-99 Jan-00 Apr-00 How manyof us havereceived a raise in the past 3 months? @ , erentice + oy the penalty notice paconalten Wktlows it aeibe es impose pel ployer “is conducting business without securing the it of (workers:-Gam- pereatien] tener d ae Associate Presiding Judge Norman 15% i Oct-97 Jan$8 Apr-98 Jul98 Oct-98 Jan-09 Apr99 JuLSO Oct-90 JanO0 Apr00 JukOO Oct-00 Jandt Aprot ult if we were to make a major purchase in the next 12 months, what wouldit be? 35% 30% 25% Jackson wrote, “[The salon] argues that the word ‘is’ in the statute. . requires a present state of noncompliance at the time penalty is imposed.” Calling the compensation statute “‘am, Be ee Page . Vehicle House Home Appliance Furniture Economy Woes NotStifling Pay. Electronics How manyof us would use savings to make a major purchase today? oe 30% _— ae aK 34% 7 [21% 10% = |t 28% = 28% Sd ao t r ot Ly ] 4 |t | ‘ELLER « De : THE ASSOCIATED PRESS" = 32% cs we 2%{- NEW YORK — The slowdown oie tenara the O87 Ja98 Ap-98 sub9B Oct-98 dan Ag-99 JUS Ot99. Jand0 Apr-00 AOD Oct sano AgrO1 Jukot H f usthink i this is a good ti time to taktake out a I loan or buy on credit? ener canesFogrnruira an ts owes, ofnot revealing sources did not ap- = Did a Layton salon break the lawby tion insurance in 1999? i , 20% Uapeorsrhitergenedlyarbed | | | I a 30% for The Cincinnati Enquirer do not haveto identify confidential sources used in stories aboutthe Chiquita company that the newspaper later renounced. Cameron McWhirter and David Wells can invoke an Ohiolaw thatallowsreporters to protect the identities ofconfidential sources for news stories, Magistrate Jack Sherman ruled Tuesday. The newspaperpublished stories in 1998 thatcriticized Chiquita Brands International Inc.for alleged te | z 25% federal magistrate has ruled that an editor and a former reporter former 9 16 35% ; Sources’ IDs Protected ! 1% re Clear Channel spokesman said the company competesand “hard fairly in its markets” has but done oala THESALTLAKE TRIBUNE | ee Loa 49% _— 13% 7 | $4 billion purchase last year ofcon- pid BY ELIZABETH NEFF Jaro Art Jot | motion companycalled Nobodyin y ne «50 20% The lawsuitis an outgrowth of | oesn 48.0 nopolize the live-music market. ue i 9 hours did we work last weekatall os A Denverconcert promoter has j Argument statewide were polled in July. Here are thelatest findings: Denver Concert Promoter | See OMEGA, Page 0-9 employers are looking at in mie salary and wage increases (en | po ~ 238% Workers nationwide netted total sal a ae iat 22% | 10% 23% | | | 1% 18% | > m% , <p we gettincubeMeg ete 17% — 16% i Oc-97 Jan Apr-98 JukO8 Ock-98 Jan-9 ApS Juk9 0ck-99 Jan-00 AprOO JuhOO OckO0 dant? Ape Ot “If we were buying a motor vehicle, what would it most likely be? 60% 40% | 20% cording to two new reports, but" mire the the same period a yeartoago,Bi federal oer 's Bureau the figures of Eco. gains —the sum all basepay, “Ht you chase hosed ‘ home today, would you build or buy an existing home? 70% - — O% Dottaanyfueronrowing slowdown and ore ould. ering ayFn sari,Mere |