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Technology Stocks : Gateway (GTW)
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To: Shawn M. Downey who wrote (6094)7/9/1998 9:46:00 PM
From: D. Swiss  Read Replies (1) of 8002
 
Shawn, regardless of the rumor, GTW is a great turn-around story. Look at what happened in Q3 '97. Inventories went up SG&A went up and the stock tanked. In Q4, they lowered inventory 34% cut SG&A, cut inventory further in Q1 '98 and raised margins. They are comfortable with Q2 #'s and the second half is anticipated to be strong. Seems like the planets are aligning right for GTW.

:o)

Drew
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