Gateway Rebounds After Sparking Tech Selloff

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Gateway (GTW) , which plunged Thursday after a warning and sparked a broad tech selloff, was up 1% in early trading. Other computer companies were higher as well. IBM (IBM) - Get Report was up 2.6%, Dell (DELL) - Get Report was up 1.6% and Compaq (CPQ) was ahead 4.9% after authorizing the buyback of $1 billion worth of common shares.