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.
March 27, 2007 |
Gateway Inc. said it paid Chief Executive J. Edward Coleman a total of $2.7 million after he started the job Sept. 18. The figure includes a $217,000 cash signing bonus, $25,361 in relocation costs and a $1,875 401(k) match, according to the company's annual proxy statement filed with the Securities and Exchange Commission. Coleman also received a bonus of $189,500, an amount that exceeded his 2006 salary of $187,500. Coleman's regular annual salary has been set at $650,000.
February 27, 2007
* Gateway Inc. said its 2006 profit was higher than previously reported because of $2.7 million in tax gains. Net income was $9.6 million, or 3 cents a share, up from the $6.9 million, or 2 cents, that Gateway reported earlier this month in a preliminary statement. The gain was due to a tax benefit from Gateway's European operations before 2002, the Irvine company said. * BitTorrent Inc.