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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: Rick_Barry who wrote (7773)	1/12/2001 12:43:34 PM
From: IceShark	Read Replies (2) \| Respond to of 8002

This latest fiasco is so typical of GTW. A former poster on this thread used to call up GTW investor relations and get rosey story lines and then come back and beat people over the head with it ad nauseam. Well, looks like those GTW boyz came through again, in typical fashion. -g-

To: Rick_Barry who wrote (7773)	1/12/2001 1:16:57 PM
From: Skeeter Bug	Respond to of 8002

>>"Starting with this quarter, we would have had much better performance if the overall economic climate was better," said Jeff Weitzen<< translation, if more people bought our stuff, we would have done better. is this the level of intellect required to be cfo at gtw? >>On Nov. 20, Gateway responded to a downgrade from Wit SoundView by saying that PC sales and other products and services were "ramping at expected levels," and that the company was comfortable with fourth-quarter and full-year consensus earnings estimates and revenue guidance. Wit SoundView analyst discusses the downgrade and future outlook for Gateway. >>On Nov. 20, Gateway responded to a downgrade from Wit SoundView by saying that PC sales and other products and services were "ramping at expected levels," and that the company was comfortable with fourth-quarter and full-year consensus earnings estimates and revenue guidance. Wit SoundView analyst discusses the downgrade and future outlook for Gateway. "At the time, that was true," said John Spelich, a spokesman for Gateway. "You can't fight an decrease in worldwide consumer demand, and we didn't have the visibility until the Thanksgiving weekend."<< seems gtw doesn't know how to effectively use the products they sell. computers are designed to improve data analysis. sounds like a poor system. >>Adding to the downside, Gateway said it could report a loss of 2 cents a share for the fourth quarter "assuming there is no upside to the adjusted earnings guidance." << why didn't gtw say in their nov 20th release "assuming we get a spike in thanksgiving sales?" they only tout what may be positive and ignore the negative as much as is possible. >>Jeff Brown, a principal at London, Ontario-based High Street Asset Management, which owns shares of Gateway, said the company's warning wasn't a surprise.<< yes, folks, it is your fault for believing gtw management.