Iomega Expects 4Q07 Revenue Between $117.0 Million to $121.0 Million

Iomega Corporation 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.

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 will host a conference call with simultaneous audio webcast
beginning at 4:30 p.m. Eastern Time on February 5, 2008 to discuss Iomega’s
fourth quarter financial results and management’s goals and business outlook.

Iomega Corporation