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Non-Tech : The Gap -- Ignore unavailable to you. Want to Upgrade?

To: Brian Malloy who wrote (67)	5/13/1999 10:31:00 AM
From: Brian Malloy	Read Replies (1) \| Respond to of 189

Looks like we are trading lower here. This is a longer term position for me so I'll just stay put for now.

To: Brian Malloy who wrote (67)	7/9/1999 3:17:00 PM
From: Beltropolis Boy	Read Replies (2) \| Respond to of 189

hi, brian. recognize you from the STMP board. a tad more sedate over here, eh? curious: any concerns over the latest quarterly numbers? year-over-year, inventory growth (46%) outpaced revenue growth (32%), cash level decreased by 45%, and long-term debt increased by $50M (debt-to-equity currently at 0.30). on a sequential quarterly basis, inventory rose 18%, cash fell by 19%, and long-term debt increased by 10%. gap has stated that the inventory increase is tied to its anticipated rising demand at banana republic and old navy (which to me could be hard to swallow). apparently, higher spending reflects heavy marketing costs and the repurchase of 45M shares. june numbers are nice though, despite the lower comps. expectation was around 5%. interested, but on the sidelines, -chris.