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Technology Stocks : Gateway (GTW)

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To: Skeeter Bug who wrote (6702)10/5/1998 9:55:00 AM
From: Kory  Read Replies (2) of 8002
 
Thanks sb, I appreciate all the left-handed compliments. :-)

As you point out, I am not that worried about the price. I never celebrated when the stock doubled and I'm certainly not going to worry when it loses 20-30%.

You keep speaking of "many bankrupt" tech companies. Please list for me 5 companies as large as GTW that have went bankrupt in the past 20 years. There are always small companies that go bankrupt, but in my experience, large company bankruptcies have been fairly rare in the U.S.

As for "manic bubble tops", At 5% interest rates, 0% growth stocks with low EPS risk are equivalent to a PE of about 14. Make sure you haven't believed in the "bubble theory" for so long that you can't objectively view companies performance anymore.

Gateway announces earnings in a few weeks - we'll see if they remain on the right track.

Kory
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