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GATEWAY COMMUNICATIONS ANNOUNCES 1991 FOURTH QUARTER CHARGE AGAINST EARNINGS

 GATEWAY COMMUNICATIONS ANNOUNCES 1991
 FOURTH QUARTER CHARGE AGAINST EARNINGS
 IRVINE, Calif., Jan. 16 /PRNewswire/ -- Gateway Communications Inc. (NASDAQ: GWAY) announced today that it expects to charge approximately $860,000 against pre-tax earnings in its fourth quarter ended Dec. 31, 1991.
 The charge consists of costs associated with the strategic redirection of the company and realignment of its product lines. These costs primarily include capitalized software, discontinued products, and severance expenses. Included in severance expenses are costs associated with recent staff reductions of approximately 12 percent of the company's workforce, and the resignation of the president and chief executive officer effective Dec. 31, 1991.
 Although this charge will result in a fourth quarter net loss, the company's fourth quarter and year-end operating results have not yet been finalized.
 There is no additional information available at this time.
 -0- 1/16/92
 /CONTACT: Kirk E. Andrews, VP-finance and CFO of Gateway Communications, 714-553-1555/
 (GWAY) CO: Gateway Communications ST: California IN: CPR SU: ERN


AL -- LA026 -- 0762 01/16/92 18:01 EST
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Publication:PR Newswire
Date:Jan 16, 1992
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