Gateway (GTW) Message Board

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Technology Stocks : Gateway (GTW)

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To: grogger who wrote (195)	11/5/1996 5:27:00 PM
From: Brian Lempel	of 8002

Well Rob, today was a key day IMHO. It was a day that GATE really had the opportunity to bounce back. With DELL, CPQ and IBM gaining big (4 points!!!), it would have been easy for Gate to ride the up-wave. It did not happen. The OEM deal did get announced today BTW. This is a definite plus for GATE, because ZIP and JAZ drives are something people actually want and might be able to use. As I see it, just a little lower than these levels (around 42 or so) there should be a major support level. While it is hard to see it going that low based on JUST fundamentals, there is support since that is about where this major upswing began. Also, anyone who wouldn't buy this at a p/e of 14-15 is absolutely crazy! -Brian

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