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To: Kayaker who wrote (132341)6/10/1999 8:09:00 PM
From: Kayaker  Respond to of 176387
 
A snippet from TheStreet.com today.......

Among individual options, Gateway (GTW:NYSE) puts grew slightly richer in price as rumors circulated that the company may disappoint with its second-quarter earnings, usually the slowest of the year, due out in several weeks.

The marketplace was reportedly disappointed with the company's second-quarter numbers last year. Also, Gateway's chief financial officer was slated to speak at a New York conference Thursday afternoon.

On Wednesday, average volume in Gateway options spiked over 16,000 contracts, compared with average daily volume of 4,750. Among Thursday's most-actively traded Gateway options, June 60 puts gained 7/16 ($43.75) to 2 1/4 ($225) on the Chicago Board Options Exchange.

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thestreet.com



To: Kayaker who wrote (132341)6/10/1999 8:19:00 PM
From: Kayaker  Respond to of 176387
 
And more from another Street article....

SAN FRANCISCO -- Despite rumors that Gateway (GTW:NYSE) CFO John Todd was skipping out of presenting at the PaineWebber Growth and Technology Conference, he did show up and outline Gateway's plans for the future.

Most significantly, Todd said the company is comfortable with consensus estimates of 55 cents a share for the second quarter, which ends at the end of this month, and believes that annual estimates of $2.83 a share are also doable....It's important to remember, however, that Gateway's quarter is extremely backloaded and that means even Todd won't know about the bulk of his revenue for a couple more weeks.

thestreet.com