Short Reports

Gateway Inc., the second-biggest direct marketer of personal computers in the U.S., said revenues and earnings in the 1999 fourth quarter will come in below estimates because of problems with microprocessor supplies and a slowdown in sales caused by Y2K concerns.

Amazon.com said its quarterly losses would increase despite fourth-quarter sales that more than doubled. Amazon’s stock dropped $12.19 to $69.75 in late trading on the Nasdaq Stock Market.