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Technology Stocks : Gateway (GTW)
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To: Dr. David Gleitman who wrote (5791)4/23/1998 5:31:00 PM
From: cirrus  Read Replies (1) of 8002
 
People told me Dell was an overpriced joke back in 1990 when it sold for the equiv. of .23 a share.

GTW is getting it's act together. The stock had a nice run this week based on earnings anticipation and a broker upgrade. It may decline somewhat on profit taking, but the basic story looks good. Take projected '98 earnings of what?... $2.15?, compute a PE based on 55 and the ratio is PE ratio is 25. Not out of line.
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