Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Goutam who wrote (82210)	12/7/1999 1:24:00 PM
From: Goutam	Read Replies (2) of 1578269

This is taken from Yahoo AMD message board. There is no link to the report - _________________________________________________________________________ messages.yahoo.com Gateway.. Ouch that has to hurt! by: spun_bearing (40/M/Santa Barbara) 12/7/99 11:01 am, Msg: 86226 of 86276, Tuesday December 7, 10:42 am Eastern Time RESEARCH ALERT- Salomon sees Gateway Q4 revs limit NEW YORK, Dec 7 (Reuters) - Gateway Inc.'s (NYSE:GTW - news) fourth- quarter revenue growth will be limited by a shortage of Intel Corp. (NasdaqNM:INTC - news) chips, but the personal computer maker should still manage to meet earnings expectations, Salomon Smith Barney said on Tuesday. -- Shares of Gateway fell 2-7/8 to 68-1/4 in early trading on Tuesday on the New York Stock Exchange. -- Analyst Richard Gardner told clients that supply constraints on Intel chips would "certainly" limit upside to revenue estimates for Gateway in the current quarter. -- "This could cause them to come in on the light sight on the top-line," Gardner told Reuters. However, he said he believed that Gateway can meet the current profit consensus of 49 cents per share from sales of services linked to its PCs. -- He also reiterated his "buy" rating on the stock and $65 price target. -- Gardner noted that the company is seeing good "attach rates," or follow-on revenues tied to the sales of its PC boxes, especially of Internet and financing services. -- "We still like the outlook for next year," he said, citing plans by Gateway to expand its Country Store retail concept to 100 new outlets and its small- and medium-business sales push. SpUn:) ______________________________________________________________________ If the high speed Coppermines shortage coupled with the success of Athlons in the market continues, there will be a power shift from OEMs to Athlon - where the market will perceive not having any Athlon based systems in an OEM's product mix as a handicap to that OEM's performance in the PC market.

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