This was posted on YHOO's board:
post.messages.yahoo.com@m2.yahoo.com
Any comments on these ?
Fact #1/ Gateway lied on national TV, to millions of people, and embarrassed CNBC.
Fact #2/ Gateway has been fined for illegal activities before
Fact #3/ Gateway has missed estimate several times. Last it forecasted a huge loss, it was in September of last year, which is the same quarter as this coming quarter.
Fact #4/ Country stores has proved to be non revenue generating, cash burning flops.
Fact #5/ Thanks to Country Stores, Gateway couldn't make numbers
Fact #6/ Sales was sequentially down. Read: Sequentially down.
Fact #7/ Management knew of the two weak months. They saw it, yet they made a market call, gamble on investor's money.
Fact #8/ Lying on national television, restating earnings, are two indicators of fraud and book cooking, which will be punished severely by Wall street.
Fact #9/ Severe technical damage on the chart
Fact #10/ GTW was at low 40's last month, IT was in the 20' last year at this time, after coming out with a warning about too much expenses.
Fact #11/ Yourware Financing means there will be shipments out, but less money in. Gateway now is a computer seller and a small time creditor at the same time. $ number will be smaller. And Wall
Street knows. Another bogus.
Fact #12/ 60% shipments comes from Yourware Financing
Fact #13/ Gateway has ducked from returning CNBC's phone calls. What is to hide ? |
