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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Ex-INTCfan who wrote (20719)11/29/2000 5:09:48 PM
From: CAtechTrader  Respond to of 65232
 
Gateway release:

Gateway (GTW:NYSE - news) expects to report revenue and earnings for the fourth quarter that will be significantly below Wall Street's consensus estimates, citing weaker-than-expected consumer holiday sales of personal computers.

The PC maker expects to report revenue of about $2.55 billion for the fourth quarter, roughly equal to the same period the previous year and $500 million below previous estimates.

The company's shares, which ended the regular session down 6.4% to $29.02, plunged in after-hours trading and were quoted at $21.50 on Instinet.