Gateway (GTW) Message Board

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Technology Stocks : Gateway (GTW)

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To: yard_man who wrote (6304)	7/27/1998 5:04:00 PM
From: Kory	Read Replies (2) of 8002

Come now Mr. tippet, let's at least be fair in our zeal to paint our picture. To use the December Christmas quarter and say that revenues are slipping from there is ridiculous. Much as you must hate it, there IS seasonality in the PC business (as well as many others). People tend to buy and give computers for Christmas. As Gateway reported in the press release and your numbers show, Gateway increased sales from the previous years quarter by about 16% and EPS by about 6%. Not great bottom line growth, but not bad given the industry conditions right now. Given that the S&P 500 as a whole showed 6% profit decreases year-over-year for the quarter just ended, Gateway performed 12% better than the average company in the S&P 500. Given the higher risk of owning Gateway in general, I think it was an average quarter for them. I am not a bull in this market right now. Given the squeeze on manufacturers from oversupply and Asia, I believe that future earnings for all companies are in jeopardy and the whole market may be in danger. However, Gateway is just one of thousands of companies facing this. They may do better, they may do worse, but the past quarter was definitely not the disaster you portray it was.

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