August 17, 2007 |
Gateway Inc. will begin selling in China to boost international sales. Gateway's desktop and notebook PCs, as well as monitors, will be available in stores such as Best Buy Co.'s flagship Shanghai store, the Irvine-based company said. Gateway withdrew from European and Asian markets in 2001 to cut costs.
August 3, 2007 |
Computer maker Gateway Inc. said that it swung to a profit in the second quarter from a loss a year earlier, but that revenue fell more than expected. Net income for the quarter totaled $1.9 million, or a penny a share, contrasted with a loss of $7.7 million, or 2 cents, a year earlier. Revenue fell to $841 million from $919 million a year earlier. Retail revenue grew to $614 million from $592 million, up 4% year over year.
June 20, 2007 |
Gateway Inc. is recalling 14,000 lithium ion battery packs because they pose a fire hazard. The battery packs in question were sold from May 2003 to August 2003, the Irvine firm said.
June 15, 2007 |
Gateway Inc., the third-largest U.S. maker of personal computers, is selling products in China for the first time in a pilot program with Digital China Holdings Ltd. Irvine-based Gateway reported an unexpected first-quarter loss last month after sales fell and it invested in new products to compete with larger rivals Hewlett-Packard Co. and Dell Inc. Chief Executive J. Edward Coleman said he expected Gateway's international business to help fuel sales growth this year.
May 31, 2007 |
Gateway Inc.'s ex-finance chief and ex-controller won a partial court victory Wednesday against the Securities and Exchange Commission when a judge reversed a jury verdict and ruled they weren't liable for fraud. U.S. District Court Judge Roger Benitez said the jury was wrong to find ex-finance chief John Todd and former controller Robert Manza liable for fraud because the SEC provided too little evidence to support its case.
May 9, 2007 |
Gateway Inc. reported a first-quarter loss after sales fell and it invested in new products. The results missed expectations, sending the shares down in extending trading. The loss was $8.58 million, or 2 cents a share, compared with a loss of $12.3 million, or 3 cents, a year earlier, Irvine-based Gateway said. Sales fell 6.4% to $1.01 billion. -- Leap Wireless International Inc.