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

To: Kory who wrote (6722)	10/10/1998 9:07:00 AM
From: IceShark	Read Replies (2) \| Respond to of 8002

I can't even realistically fathom what society was like in 1929, and much as they want you to believe it, neither can the doomsayers. Of course you are all wet, and arguing with Skeet really serves no useful purpose, sort of like this thread over the last half year. My parents were around in '29, and while they may have only been 2 years old, they have imparted quite a few stories of the times. As did my Grand and Great Grandparents, who all lived to near 100, God rest their souls. There is some direct memory of the times still around, and a lot of first hand passed down memory. Better keep counting those beans, 'cause it looks like you are doomed to repeat the mistakes of the past. -g- Regards, IS

To: Kory who wrote (6722)	10/12/1998 9:18:00 PM
From: M. Frank Greiffenstein	Read Replies (2) \| Respond to of 8002

Love.... And I love it when young Turks under 30 think their positions in the market are bulletproof, that the business cycle has been defeated, and all that you need is optimism <g>. You have no idea how low stocks can go, even the stocks of great companies. Stocks that are cheap get even cheaper. I know you are making a contrarian argument about all the negativism meaning a bullish move, but the fact is many of the markets bulls are still alive and well, just making "minor adjustments". Sorry, but when a demented old goat like Joseph Granville turns bullish in June of this year and says October will finish much higher than it was at the start of the month, you gotta know the market is a goner. You are probably too young to remember, but Granville was a bear from 1982 until June of this year. As for GTW, it is looking both technically and fundamentally weak. It's multiples are way out of whack, and it does not have the position in the business market that Dell does. Unit sales are forecast to go up 14% next year because of business purchases to combat y2k problem, and that's just the first half of the year. But revenue growth is estimated to be only 3%. Margins will go all to hell. So Dell and IBM can hold high multiples a while longer (they are better entrenched in the business and government niches), but GTW is a goner. DocStone