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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Stephen M. DeMoss who wrote (66605)1/11/2001 4:41:48 PM
From: Saulamanca  Respond to of 99985
 
Gateway (GTW) 22.90 +2.96: Reports Q4 earnings of $0.12 a share,
$0.25 worse than the Zacks consensus of $0.37, vs year-ago earnings of
$0.38; revenues fell 6.9% to $2.37 bln from a year-ago of $2.55 bln.
Company to lay off 10% of workforce to cut costs. Cites a continued
deterioration of worldwide PC demand and increasing pricing pressure,
both of which are expected to continue at least through the first half of this
year; see press release.


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