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Technology Stocks : gdsc (gateway data science corporation)

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To: richard houchin who wrote ()	8/8/1997 3:36:00 PM
From: Nancy Thorpe	of 69

GDSC News: PHOENIX, Az., Aug 8 (Reuter) - Gateway Data Sciences Corp said Friday it expects earnings per share in the range of $0.01 to $0.03, including restructuring charges and executive compensation, for the second quarter ended July 31. In addition, the company said it is cutting 22 percent of its workforce. The company said it expects operating expenses to be up "significantly" from the comparable period of a year ago as it continues to increase its investment in software product development and sales and marketing infrastructure. It said, however, that operating expenses have been reduced through cuts in admistrative staff and adjustments in compensation plans for certain executives. The company said it expects software revenue to be lower than it was in the same period a year ago as it continues to transition its new products. It said it expects consulting services revenue to be up from the comparable period. The company also said it expects revenue from third-party products to be down from the comparable period a year ago, although with improved gross margins. The company said it expects to report its results during the second half of August. 14:51 08-08-97

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