chart.etrade.com/graphs/NOW.GTW.d05.gif" style="max-width:560px" > Volume heute minus 34% weit unter die 50Tage-Linie gefallen
Great earnings + Poor guidance = sell sagt einer im Board bei clearstation.com
NEW YORK, Aug 16 (Reuters) - Shares of computer maker Gateway Inc. (GTW,Trade) tumbled on Tuesday amid a chorus of Wall Street downgrades after disappointing results fueled concerns about the computer maker's ability to manage tough competition from far bigger rivals Dell and Hewlett Packard.
Gateway shares tumbled 18 percent to a 10-week low despite posting a net profit, compared to a year ago loss, on solid revenue growth.
But analysts said the profit was tainted by a payment from Microsoft Corp. (MSFT,Trade), while revenues fell short of their views, reinforcing concerns that a recent PC industry strength may be losing steam.
Moreover, analysts said the results yielded few reasons for optimism at Gateway, which last year closed its retail stores and laid off thousands after buying smaller rival eMachines. Now led by former eMachines Chief Executive Wayne Inouye, Gateway has turned to broader distribution in retail stores as part of its turnaround strategy.
But even with the new game plan, Gateway faces a tough market with shrinking margins, and competes with far-bigger rivals, such as Dell and Hewlett-Packard Co. ((HPQ.N)). "The new management team has clearly been a key part of the case for Gateway's ability to turn things around," First Albany analyst Joel Wagonfeld said in a client note. "Unfortunately, the competitive environment -- as well as Gateway's own company-specific issues -- have proven to be more significant factors than either management or we had anticipated."
Wagonfeld cut his rating to "neutral" from "buy," saying that higher costs, a 48 percent drop in direct-to-customer sales and slack margin contributed to his disappointment in Gateway's management.
The dour opinion was echoed by several other firms, including Bear Stearns, which cut Gateway to "underperform" from "peer perform," while Piper Jaffray cut its rating to "market perform" from "outperform."
Fulcrum Global analyst Robert Cihra cut his opinion to "neutral" from "buy" despite his belief that Gateway's turnaround has mostly been working, but it may not improve the company's fortunes.
"The journey (is) proving too tough a haul and the ultimate payoff (is) now looking like
too little," he said.
und sie fallen weiter....
hatte sie auch mal auf meiner watchlist
