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Technology Stocks : GateField (GATE)
GATE 36.05-1.3%Apr 1 12:00 PM EST
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To: wpfisk who wrote (3646)5/5/1999 12:42:00 PM
From: easytarget  Read Replies (2) of 4005
 
I will say it ONE MORE TIME!

Since before the special stock holders meeting in December of 1997, GATE has said that there would be no profit before the 3rd or 4th quarter of 1999. No profit means break-even or losses and what are the chances that revenue would exactly equal expenditures. They haven't lied to stock holders. They haven't mismanaged the company. They set out a plan 17 months ago and they have stuck to it. If Actel hadn't pulled out almost $5M, they could have lasted until at least the start of the 4th quarter of '99.

GATE has cut employment AND MANAGEMENT to the bare bone. They have something like 34 employees now. Most of these are in engineering and are likely working on 'tweaking' the current product (for yield improvement, speed improvements, etc.) and developing new products. Don't forget that this type of product has a 2 to 3 year development time frame. Investors would be VERY upset if in 2001 they found they owned a company with nothing but 2 year old, out of date, uncompetitive products and no new products in the pipeline.

Investors should at least wait until the scheduled production release of the product in June, before completely disparaging the company.

Very long on GATE and waiting for $3 - $5 a share or until at least year end before bailing out.

EZ
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