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Technology Stocks : Gateway (GTW)
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To: Brian Lempel who wrote (176)10/28/1996 9:11:00 PM
From: Robert Gelb   of 8002
 
Buying Gateway at 47 shows a PE of 15x 97. Also shows a huge discount at 40 to 50 per cent increase in earnings in 3rd quarter over 95. Discount is PE vs growth rate. Slump in value may be due to profit taking or window dressing of funds on 31 Oct. I say hold prior to testing new highs. BG
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