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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (86995)	11/20/2000 2:30:00 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Michael... guidance hasn't changed, gurus are saying nothing but good things about CPQ, and there must be money up the wazoo waiting on the sidelines to come into the market when the tide turns. I'm sure CPQ will get its share of those $$$ soon. I'm a little edgy cause I haven't golfed in over 2 weeks, but feel pretty good about the strength that this hoser is displaying. El

To: PCSS who wrote (86995)	11/20/2000 2:50:18 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Gateway Responds: Gateway Chief Financial Officer John Todd Issues Statement Regarding Wit Soundview SAN DIEGO, Nov. 20 /PRNewswire/ -- In Response to a Downgrade from Wit Soundview, Gateway (NYSE: GTW - news) Chief Financial Officer John Todd issued the following statement: At Gateway, the past weekend marked the beginning of our holiday selling season, which has historically been our highest volume quarter of the year. As we are a direct-to-client company, our sales in the fourth quarter are concentrated in the second half of the period. Based on current growth rates, we are confident that our sales of PCs -- as well as sales of products and services other than the PC, such as training, Internet service, software and peripherals -- are ramping at expected levels. At the end of the third quarter, non-PC income was more than 50 percent of Gateway's overall income, with half of that recurring in the near term. Given the success of our beyond-the-box model and current growth trends, we remain comfortable with consensus EPS estimates and guidance on revenue for the fourth quarter and full-year 2000.