	iomega corp iomg expects qtr and year losses iomega corp announced it expected revenues for the first quarter of to be significantly lower than planned and that it anticipated a loss for the quarter in its annual report to be mailed to stockholders tomorrow the company will announce its first quarter loss will be in excess of mln dlrs primarily as a result of lower than anticipated revenues the company said it recored net income of dlrs or cts per share for its first quarter fiscal on revenues of mln the company said it lowered its revenue plan for the balance of and also expects to record a loss for the entire year iomega said the first quarter loss will place the company in default under certain covenants in its bank line of credit unless these covenants are modified the company is currently exploring alternatives for raising additional funds through a debt for equity financing reuter 
