Iomega Corp. stock sank in heavy trading Monday when the company announced it expects a first quarter loss in the range of $10 million to $25 million.

Roy-based Iomega, a manufacturer of computer data storage products, also said it expects first quarter revenue to remain relatively flat when compared with the first quarter of 1997, and it expects to be cash flow negative.The company's stock was trading down 15/8 or about 19 percent, at $7 in early trading Monday. It was the most actively traded issue on the New York Stock Exchange, with a volume of 13.5 million shares by 11:30 a.m. EST.

Iomega will announce its first-quarter results after the market closes on April 16.