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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: kash johal who wrote (105187)	4/13/2000 4:52:00 PM
From: 5dave22	Read Replies (4) \| Respond to of 1572605

Gateway ... Record Q1 biz.yahoo.com

To: kash johal who wrote (105187)	4/13/2000 4:55:00 PM
From: Cirruslvr	Respond to of 1572605

Gateway meets earnings predictions of 41 cents. But here is something from their press release that parallels the Microsoft call yesterday - "Despite a ramping of sales in March, Gateway Business saw revenues drop 19 percent in the first quarter versus last year, reflecting a slower than expected uptick in business sales. ``While we're clearly disappointed with our Business performance for the first quarter, we're continuing to intensify our focus on our target markets of small and medium businesses, government and education,' Weitzen said. ``And we intend to leverage our government and education sales during the second quarter peak selling season for those segments.'" I think the market overestimated the impact of Y2K and underestimated the effect of businesses waiting for W2K... I hope overseas sales were VERY good for Intel in Q1. The Nasdaq hopes so too.