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Technology Stocks : Gateway (GTW)

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To: Kory who wrote (6861)	10/30/1998 6:50:00 AM
From: Skeeter Bug	Read Replies (1) of 8002

>>$45M - abandonment of internal use software (more intangibles) $9M - severance for facility shutdowns $49M - inventory write-down<< kory, i didn't say future earnings nor did i mean that. these three items reflect negatively on a management that is still there, still working hard. these write downs were the result of management decisions. if you take the $100 million dollar loss and GO BACK WHEN THES LOSSES WERE BEING ACCRUED it would greatly offset the earnings of this company. my question to you. what internal software is being abonded now? what facilities may be shut down in the future? what inventory is going to be written down in the future. btw, surely you must know it is entirly disingenuine to imply that gtw had one bad q of 6% growth. i can't believe you said that. >they did it again.<< kory, you are not thinking clearly if you would dare compare applea and oranges. they DID NOT DO IT AGAIN. in order to do it again the ceo would have had to come out and say business was bad and the ceo would have had to specifically say that gtw wouldn't achieve or would just achieve estimates. they did neither so your comparison is utterly weak.

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