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

To: DWW II who wrote (4965)	12/7/1997 6:05:00 PM
From: James Choi	Read Replies (1) \| Respond to of 8002

<<So, Ted tells his 6000 closest friends and his family to....."get out for a qtr. and get back in later".>> When was this quarter in question? The last one that they posted a loss? Or this one that we are in? Thank you. James Choi

To: DWW II who wrote (4965)	12/7/1997 8:47:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 8002

problem is that when you take out all the bad stuff and negate the tax benefit that only occurred b/c of the bad stuff gtw still only made, and i quote, "marginal earnings." poor management caused the inventory problem. the same poor management still works for gtw. if you gauge last q's results and included the contribution of poor management and excluded extraordinaey items then gtw LOST money. ignore that fact at your own risk, imho. what you say are problems are definitely problems. however, they are small compared to the big problem. the mid to high end computer markets are shrinking while competition is heating up. only the small end market where gtw doesn't and can't compete is getting bigger. that is the problem.

To: DWW II who wrote (4965)	12/8/1997 3:19:00 AM
From: ratan lal	Read Replies (2) \| Respond to of 8002

DWW << I do not know if it is legal to "write down" the value of "obsolete" inventories, >> Not only is it legal it is a good business practice. But companies hate to do it because it reduces their profit. So they collect it all and write it down once a year or every so often and call it a one time charge (as if it were never going to happen again. GTW did that last quarter and got away with it. People are so gulli-bull.) << So, Ted tells his 6000 closest friends and his family to....."get out for a qtr. and get back in later" >> The anal-ists and investors dont like this because they feel the company has no control over their business and will not trust their dollars invested in such a company. Besides p/e ratios are done on annual earnings and only the stock price fluctuates on quarterly earnings. << So,Dump the 100 Mil. software pkg on the IRS, >> If they 'trash' the software then they 'will' have to write it off else they will have to amortise it. ratan