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Technology Stocks : Gateway (GTW)

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To: D. Swiss who wrote (7052)2/23/1999 10:00:00 AM
From: William F. Wager, Jr.  Read Replies (1) of 8002
 
Piper Jaffray Inc. analyst Ashok Kumar also pounded the table on Gateway dubbing
1999 as "the year of the cow," referring to the computer maker's black-and-white
cow-spotted logo.

Kumar raised his first-quarter earnings estimate to 90 cents a share from 59 cents and
his 1999 estimate to $3.87 from $2.82. In a research note, Kumar said Gateway's
expansion of its Country Stores is expected to generate sequential revenue growth of
4% in its March quarter.

In addition, better execution in Europe is expected to be a positive contributor this year,
the analyst said. He said he expects Gateway to triple its 200,000 current subscribers to
its gateway.net Internet service by year-end.
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