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Technology Stocks : GateField (GATE) -- Ignore unavailable to you. Want to Upgrade?

To: R Petersen who wrote (3801)	8/17/1999 1:56:00 PM
From: lml	Read Replies (1) \| Respond to of 4005

Randy: Let's not forget the 1-for-10 reverse split. Pre-split the stock has move from about $.35 to just about $.80. While this is a significant improvement over a few weeks ago, it should not be compared as approaching the value of ACTL in terms of share price. With 1/10th the float, we should see some nice volatility. If things go well for GATE (G-d willing), the stock price should soar to levels this stock has never seen -- into the 30s and beyond. But keep in mind pre-split this is a share price of $3 or more. Nevertheless, that kind of post-split price movement is going to attract the attention of many investors, individual & speculative institutional. I believe this is what management hopes for & the impetus behind the 1 for 10 RS. But before we can see a nice upside the Company has to produce a revenue stream based upon the ProASIC technology. The bottom line here is focus on the likelihood of revenues, & if so, their magnitude & predictability. The stock price will then take care of itself.