Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (63828)	11/29/2000 7:30:24 PM
From: StockDung	Read Replies (2) of 122087

Gateway CFO sees a PC "price war" early next year NEW YORK, Nov 29 (Reuters) - Gateway Inc. <GTW.N> Chief Financial Officer John Todd said on Wednesday he expects a price war in the personal computer industry, given high inventory levels. "Clearly we think in Q1 there will be an aggressive sort of price war," he said. "People are going to have to be aggressive to get the inventory out." He also detailed guidance for 2001 sales and earnings per share. He said he expects $2.6 billion in first-quarter sales, and earnings of 45 cents per share. For the second quarter, he said he sees sales of $2.4 billion, and EPS of 43 cents. He said he sees third-quarter sales of $2.9 billion and EPS of 53 cents, and fourth-quarter sales of $2.9 billion and EPS of 48 cents. 17:30 11-29-00

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