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

To: Patrick E.McDaniel who wrote (5210)	1/22/1998 5:36:00 PM
From: TLindt	Read Replies (1) \| Respond to of 8002

Yea right!

To: Patrick E.McDaniel who wrote (5210)	1/22/1998 5:37:00 PM
From: vegetarian	Respond to of 8002

>>GTW is buying IBM? No! just hoping that I Be 'em

To: Patrick E.McDaniel who wrote (5210)	1/22/1998 5:37:00 PM
From: samoyed	Respond to of 8002

Gateway 2000 Reports Record Shipments, Sales and Earnings Per Share for Fourth Quarter January 22, 1998 05:15 PM NORTH SIOUX CITY, S.D.--(BUSINESS WIRE)--Jan. 22, 1998--Gateway 2000, Inc. GTW , a global leader in the direct marketing of PCs, today reported record results for the fourth quarter ended December 31, 1997. Gateway shipped 850,000 PCs during the fourth quarter, a 38% increase from fourth quarter 1996 shipments of 614,000. Quarterly revenue was $1.98 billion, a 28% increase from the $1.55 billion recorded a year ago. Fourth quarter net income rose to $93 million, or $.59 a share from $88 million or $.56 per share in the fourth quarter of 1996. Unit shipments for the year ended December 31, 1997, increased 35% to 2,580,000 units compared to 1,909,000 units shipped in 1996. Sales in 1997 increased 25% to $6.29 billion compared to $5.04 billion in 1996. Net income for the year was $109.8 million, including a $95 million adverse after-tax impact of third quarter non-recurring items. Net income in 1996 was $250.7 million. In 1997 earnings per share were $.70, including a $0.61 adverse impact of third quarter non-recurring items, compared to earnings per share of $1.60 in 1996. "Our record quarter was the result of executing well on the basics of our direct business model: forecasting, inventory management and cost controls," said Ted Waitt, Chairman and Chief Executive Officer of Gateway 2000. "We are pleased with the confidence our customers have in our products and service. Our employees' hard work and dedication allowed us to quickly put the problems we experienced in 1997 behind us and finish the year on a positive note."