Gateway (GTW) Message Board

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Technology Stocks : Gateway (GTW)

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To: Kip518 who wrote (6745)	10/22/1998 10:00:00 AM
From: M. Frank Greiffenstein	Read Replies (1) of 8002

After the close... Earnings to be announced right after close today. Noticed somebody dumped 108K shares when MMs gapped the stock price up at the open. Interesting article on GTW at www.thestreet.com. One money manager who was long GTW sold all GTW stock after "meeting with managers" recently. Other article highlights: Company is opening up dozens of GTW stores in strip malls, but they have no experience in bricks-and-mortar retail...one analyst forecasts missing quarter by six cents...another analyst forecasts a one cent surprise...GTW needs to sell 100 computers per week per store to break even, per company spokesperson. DocStone

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