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Technology Stocks : Gateway (GTW)
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To: Skeeter Bug who wrote (7796)3/16/2001 1:06:54 AM
From: Thomas M.  Read Replies (1) of 8002
 
James Grant writes:

"As a bank, Gateway Inc. makes an excellent computer company. The third-largest supplier of PCs to consumers boosted its allowance for loan losses last year by $121.9 million, equivalent to 25% of the new loans it extended. In an explanation of how it came to resemble a 1990 Texas thrift, Gateway clinically cited a step-up in exposure to 'higher risk categories.'"
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