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To: Sharck who started this subject	2/28/2001 7:01:25 PM
From: besttrader	Read Replies (1) of 37746

Could somebody here please tell me if this is accounting fraud from Gateway? Gateway (GTW) 17.20 +0.48: -- Update -- More on the downward revision to 2000 results: Gateway originally reported full-year 2000 profits of $315.9 mln on revenues of $9.7 bln, or $0.95 per diluted share, a 28% decrease from 1999. Today company revised 2000 results to profits of $241.5 million on revenues of $9.6 bln, or $0.73 per diluted share, a decrease of 45% from 1999. Operating income in 2000 was $511.3 million, or $0.96 per diluted share, a decrease of 19% from 1999.

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