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To: Lee Lichterman III who wrote (36733)	1/5/2000 2:25:00 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 99985

Csco now up 1 1/2. Other big techs (with the exception of the nutz) have come back from the depths. Is this the bottom (A bottom). Looks like it from my turrett

To: Lee Lichterman III who wrote (36733)	1/5/2000 3:50:00 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 99985

re: "TYX at 6.626% and they are ramping the indexes up???? : And in February, stocks will go up when the Fed raises by a quarter point. This is bullish, because they didn't raise a half point. And the Fed will have a neutral bias (using a new, equivalent terminology) going forward, which will also be bullish. OK, your turn. You tell me why the 5th rate hike, in March or April, will be good for stocks.

To: Lee Lichterman III who wrote (36733)	1/5/2000 6:02:00 PM
From: Lee Lichterman III	Respond to of 99985

Well I have been pounding the table for weeks about the bogus PC sales predictions and yet I even failed to buy puts on DELL today in the rise out of the bogus upgrade. I haven't finished reading the whole thread yet but just in case no one posted it here yet, the news is finally out. Yea baby yea! January 5, 2000 5:22pm Gateway to miss 4Q forecasts By Sergio G. Non ZDII Y2K may not have caused much harm among computers, but it wreaked havoc with the December quarter earnings of the second largest direct seller of PCs. After market close Wednesday, PC maker Gateway (NYSE: GTW) warned of lower-than-expected revenues and earnings in the fourth quarter. The company now sees a profit of 42 cents per share, excluding a previously announced charge of 5 cents per share related to a partnership with America Online. First Call's survey of 23 analysts predicted a profit of 49 cents per share for the quarter ended Dec. 31. Gateway expects to report fourth quarter revenue of $2.45 billion, up 6 percent year-over-year ( yeah this must be why it tripled in stock price this year<g>). The company blamed the shortfall on a combination of chip and motherboard shortages, and a slowdown in business sales as large enterprises cut back or froze spending because of Y2K worries. "Supply of key processors and motherboards was severely constrained, spotty and unreliable, particularly in our consumer sweetspot in the $999 to $1,299 price range," said John Todd, Gateway's senior vice president and CFO. Y2K concerns popped up particularly with large corporations, government and educational institutions. Education sales fell 15 percent in the fourth quarter. Sales to small and mid-sized business increased 35 percent. Company executives remain comfortable with analyst consensus estiamtes of 41 cents per share in the first quarter and $1.83 per share for the full year 2000. Gateway was pleased with some areas in the fourth quarter, such as Web sales, which more than doubled year-over-year. And the company added 400,000 subscribers to the ISP venture jointly run with AOL. Gateway now has 1 million ISP customers. Sales of the company's all-in-one Astro PC, which industry observers have likened to Apple's iMac, surged during the fourth quarter and now generate nearly 20 percent of the company's consumer product mix. Todd also expects to report higher average unit prices compared to the third quarter, and margins at or above analyst forecasts. Gateway is scheduled to report full quarterly results Jan. 20. It will be the first quarterly report under new CEO Jeff Weitzen, who replaced Gateway founder Ted Waitt last month. Shares of Gateway fell to 55 in late trading Wednesday. zdii.com