Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kory who wrote (6266)	7/26/1998 2:25:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 8002

>>you better have proof.<< ok. 1. last year gtw said the q went in like a lamb and out like a lion - clearly to say that the next q was going to be much better. it wasn't. if i recall correctly, it was much worse. please point everyone to the information relating to waitte's recinding (sp?) said statement before the eps pre-announcement late in the q? 2. gtw said they would not preannounce one q last year, clearly leading people to believe the q was just fine. NOT! a week or two later they preannounced. they were just kidding ;-) 3. they lost money from operations but gtw said they "made" money. 4. now, this q. the cfo says he feels "comfortable" with estimates a few weeks before they disappoint by a whopping 20%! add to that ted waitte touting gtw's great june q on jim cramer's soap box - no mention of the crappy april and may. hmmmm... then they disappoint big. do you wonder why gtw went from $50-$69? it was on the back of these touts. if they had been telling the TRUTH then THERE IS NO WAY GTW WOULD HAVE GONE SO HIGH. from the sound of your post it seems you did not know they did this... i do admit that i'm speculating on cooking the books. however, gtw has recently joined the ranks of the "one time charge" school of accounting. let's see if they continue to do this with the effect of boosting reported eps above what it should be by writing of millions and millions. i bet they do it again in 12-18 months. go ahead, back SLEAZY management. either that or they do not understand their business. i DO NOT think they are DUMB. i believe the other option is accurate. go ahead, support this type of bs. applaud these types of blatant stock touts and manipulations. it is bad any way you cut it. america is about money. there are two distinct ways to get it as an owner. work hard, focus on improving your business and flat out build it - without stock price obsession. the other is to pimp and tout and manipulate investors. gtw has chosen the latter right now. you can't focus on two things. btw, many, many companies have chosen the latter b/c today's investor lacks a basic ability to think critically and take misleading managements at their word. gtw proved that is VERY, VERY DANGEROUS. AGAIN! ;-) but, that is what you appear to like and defend. may you get more of it. ps - remember, gtw paid big bucks to resolve and allegation they misled customers in their commercials regarding their return policy. be careful when you use terms like "honest" when referring to gtw management or their accountants. you better be able to prove it. otherwise, it is slander to all honest people ;-)

To: Kory who wrote (6266)	7/26/1998 2:36:00 AM
From: JPh	Read Replies (2) \| Respond to of 8002

oops, sorry. I got those from the Yahoo's board. But just out of curiosity, why would the honest CPA's of GTW allow falsifying invoices and and selling computers illegally to Iran and Syria ? messages.yahoo.com@m2.yahoo.com Any truth in what SJ Mercury News reported ?

To: Kory who wrote (6266)	7/26/1998 2:52:00 AM
From: Skeeter Bug	Respond to of 8002

kory, here is another's opinion... sorry, i was wrong. i said gtw waited one or two weeks to pre-announce after they announced to the world they wouldn't pre-announce. it was a few days later ;-) stocksite.com >> (LSI) pre-announced again, but Gateway (GTW) was the big story. In one of the of the most outrageous, duplicitous maneuvers I have ever witnessed, Gateway waited until 15 minutes into the conference call before releasing their financials. They claimed it was a business wire problem; I seriously doubt that. I think it was an attempt on their part to hide the income statement, balance sheet or the numbers to avoid hard questions. This is a complete outrage. They should have pre-announced--they missed the number by close to 20 percent. All the line items were a disaster, every component was a disaster. Guys like me, who have been short the stock and been vocal about it, were dead right on everything. This company's performance and behavior is inexcusable. They have obfuscated the facts. About this time last year at an investment conference Gateway said they would not pre-announce, and then turned around a couple of days later and pre-announced (the rumors were out there before anyway). This behavior has to stop; it is the same dishonesty we are getting from other book-cooking companies. This company is loaded with promoters, and people should be forewarned. I don't normally recommend individual shorts, because they are so dangerous, but if I could be short one stock for the next couple of years, Gateway 2000 would be it. (I should disclose my fund is short this company)<<