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Technology Stocks : Gateway (GTW)
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To: Cosmo Daisey who wrote (4764)11/17/1997 6:32:00 PM
From: ScottT  Read Replies (2) of 8002
 
Can anyone verify the rumors that CPQ is going to make a buy out bid for GTW? It makes some sense because GTW's great distribution channel which would be an asset for CPQ developing the lower end market. But GTW is already at 40+ times earnings! The buy out price I heard was between 45 and 50! That seems awfully rich at least on first blush.

ScottT
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