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


To: Skeeter Bug who wrote (6247)7/25/1998 10:28:00 AM
From: yard_man  Read Replies (1) | Respond to of 8002
 
Skeeter,

I was long GTW shortly after it IPOed. I don't know if you were following it at the time. I bought it around $18 a share. Waitt made a pretty bad management decision and didn't add Pentiums into the mix fast enough. I watched my orginal investment sink to around $11 a share. I didn't have the courage at that point to add more shares. Eventually the inventory problem worked itself out and I sold GTW at $25 a share or somehting like that.

I feel for "LET'S MAKE SOME MONEY" a little. His money is gone and this Company didn't guide the analysts like they did in the past. The warning signs were there of course, if he would have been willing to be a skeptic first.