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

To: IceShark who wrote (5334)	2/9/1998 5:27:00 PM
From: DWW II	Read Replies (1) \| Respond to of 8002

Dan, Yes I did get out. I'm out at $37. I wish I had stuck it out for a week longer, I could have made an additional $4 dollars. It seemed to me that in the past, GTW would take a run after a good report, and then go down slowly. So I jumped the gun. Oh...Well.. I did jump to CPQ, and am in there at $30. So, Im in a 1/2 Doz of one ....6 pk. of another situation. There both up. Good for everybody. There is nothing to earth shaking on the rumor mill about GTW right now. They are suppose to announce a re-organization of their purchasing dept. today. Weather that will make the news wire or not....I don't know. Before the Jan. announcement they were rumored to be laying off some 400 more production jobs. So far that has not happened. I did hear on the radio that they are hiring 350 people for their Sioux Falls tech support service desks. So, their sales volume over the holidays must have created a situation where they need more tech support people to keep up with the new first timers. This will raise their operating costs, of course. I guess their sales are doing fine so far this qtr. I would still be very cautious about this qtrs earnings report. I won't get back in unless the war or some other event drives it down to the mid $20's. I know that sounds like quite a drop, but these guys scare me. DWW II