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Technology Stocks : Gateway (GTW)
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To: Brian Thornton who wrote (147)10/24/1996 7:23:00 PM
From: Eric   of 8002
 
The other Brian summed up pretty well. A couple of things to add for GATE. The stock had a very nice upmove from high 40s to 50s after Intel and CPQ's good reports. A lot of people, I mean, a lot of people expected GATE will beat estimates. People got in because they were hoping for blowout. Also take a look at CPQ, it announced an earning of $1.25 vs $1.08 (est). The stock was around 75 before the earning and it is at 70 now. I think GATE will probably take a breather tomorrow.
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