NEW YORK, May 22, 1997 - GATEWAY 2000, Inc. announced that its shares began trading on the New York Stock Exchange (NYSE) at today's opening of the market under the symbol GTW. Gateway Chairman and CEO Ted Waitt and NYSE Chairman and CEO Richard Grasso were on hand to ring the opening bell to begin the trading day. In recognition of Gateway's Holstein cow motif, Grasso donned a cow-spotted tie, and one of Gateway's bovine mascots made an appearance on the exchange floor.
"Gateway and our shareholders will reap multiple benefits from trading on the NYSE. We'll experience improved trading efficiencies, tighter quotation spreads and greater liquidity in this larger, more stable trading environment. This is an important step towards maximizing long-term value for our individual and institutional investors," said Waitt.
"We are thrilled to welcome Gateway 2000 to the New York Stock Exchange," said Grasso. "Gateway is an exciting, dynamic company whose phenomenal rise to the top has been remarkable. Gateway's values-based approach echoes our own beliefs, and we are confident they will thrive in the NYSE environment."