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

To: Kory who wrote (6282)	7/26/1998 5:02:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 8002

kory, when the cfo says he feels comfortable with "estimates," surely you do not mean that he can disregard the publically accepted estimate (zack's, etc.) and refer to some estimate that nobody knows about? please, that is pathetic. the bottom line is they knew business stunk, they knew saying they "felt comfortable with estimates" would mislead people into being confident they'd nail $0.43 or higher and then they said it anyway b/c their purpose was to mislead and jack up the stock price, imho. it is all too obvious that what they did had the results any rational person would suspect. the stock went up 19 points on their "comfort" and "great" june q. now that the truth is known - it lost 17 of those points. all in a few weeks. go ahead and justify slime. technically, you are right. he never said what estimate. maybe it was a ten year old's estimate at the local grade school. maybe he could have mentioned that instead of his "comfort." "gee, we feel comfortable 14% below consensus estimates but we're in line and cormfortable with little johnny's estimate." they didn't b/c the purpose, imho, was a sleazy and effective attempt to manipulate sucker investors. that doesn't amaze me. what amazes me are the people like you that say "thank you for misleading me" and then list a number of reasons why they were justified to mislead everyone. 1&2. one of the most effective ways to mislead is to be vague. proves my point. they made a conscious decision not be specific and not to communicate valuable information b/c it was not in their short term self interest. they could have - and consciously decided not to. micron tech is very effective at this practice. they said "demand for dram continues to remain strong" while prices were falling like a llead weight on jupiter. technically, they were correct. they didn't mention the supply glut was killing strong demand (the real story and the real information!) b/c it wasn't in their self interest in promoting their stock. within a week they added $2,000,000,000 in market cap. ohhh, they lost it shortly thereafter. another $6 billion in addition to the $2 billion. what sleazes, imho. they knew EXACTLY what they were doing. just like gtw knows EXACTLY what they are doing. 3. it was reported all over cnbc. you can confirm by going back to the time frame on this thread and reading the posts. you see, we busted their misinformation. then and now! we hold those creeps accountable for their actions. 4. picking the low estimate and saying one is "comfortable with estimates" is incredibly and outrageously slimy. why not say "with the low end of estimates" instead of mislead everyone? oh, the purpose of these honest people was to mislead! any contradiction there? no, i didn't do the math - it wasn't and isn't important to the subject of slimy management. the fact is they missed by a lot. even you admit they missed the lowest estimate available. oh, except little johnny's - you know, the one nobody knew about but the cfo - and he wasn't telling anybody! ;-) the lyin' was brought up as a joke about gtw's statement "in like a lamb, out like a lion." the truth is that the stateement makes more sense if you input "lyin' for lion. why? i don't know, ask gtw, they said it and the results absolutely did not bear out their statements. btw, you say they can't predict the future (even when the q is in the bag - but whatever ;-). then it is irresponsible for them to continue to do so. but, you are so indoctrinated and pro company that they are allowed to be utterly irresponsible and continually lead people to believe the business is better than it is. i disagree. i also disagree this is "honest." honest people don't do such things. btw, you can be dishonest and never lie. just tell have truths, ie, be vague. let the dumb masses reach the conclusion we want to manipulate them into believing without us ever really saying it. yeah, then we'll be honest and a good management team. NOT! :-) lying is of the heart and i don't know their heart. if they were a bunch of liars, though, i would not be surprised. if they held meetings with the top brass scheming ways to manipulate wall street investors i would not be surprised. not in the least. i don't know if anybody at gtw lies. mu is about the sleaziest management around and they do not lie, imho. they tell half truths. they are vague to their own self interest. just like gtw. they say demand is strong and neglect mentioning supply as it drives prices from $10 to a little over $1 in less than 9 months. gtw does the same things. they mislead. manipulators and misleaders are sleazy and definitely not honest, imho - liars or not. you disagree. may all your investment managements treat you like gtw treats their "investors."