Gateway Inc

Advanced Micro Devices Inc. said Gateway Inc. is buying Advanced Micro's top-of-the-line Athlon microprocessors for its personal computers after a shortage of Intel Corp. chips cut into Gateway's sales. Gateway PCs using Athlon chips are available now. The Athlon is a new chip that Sunnyvale, Calif.-based AdvancedMicro is counting on to stem losses and stay in business after a decades-long battle with Intel, the world's biggest maker of PC microprocessors.

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.

Gateway Inc. said Monday that it will fire all 1,050 employees in Ireland and Britain as part of a plan to revive profit by focusing on U.S. sales. Gateway, the second-largest direct seller of personal computers, last month said it would cut 5,000 jobs worldwide and halt business in Asia. The company said Monday that it will stop selling computers in southeastern Europe, the Middle East and Africa, as well as in Ireland and Britain.

Gateway Inc. Chief Executive Jeff Weitzen, who expanded the company's offerings beyond personal computers but failed to predict a recent slump in PC sales, stepped down unexpectedly Monday, less than three weeks after the company posted its first quarterly loss in more than three years. Weitzen, 44, was replaced by Gateway founder and Chairman Ted Waitt, who will resume day-to-day leadership of the San Diego-based company after a year away.

Wayne Inouye took over Thursday as chief executive of Gateway Inc. as the troubled PC maker completed its $290-million purchase of smaller rival EMachines. Gateway co-founder Ted Waitt, who returned to the company as CEO in January 2001 after a year's absence, will remain as chairman. He was unable to return the Poway, Calif., firm to profitability after losing $1.84 billion in the last three years.

Acknowledging that his company has gotten off track, returning Gateway Inc. Chief Executive Ted Waitt said Wednesday that the company will break even on operations this quarter before taking new restructuring charges in the face of declining sales. San Diego-based Gateway, the nation's second-largest direct seller of personal computers, said it will take $150 million to $275 million in charges to cover its departure from some international markets and the possible closure of some retail stores.

Gateway Inc. said it moved to a profit in the fourth quarter as a result of a tax benefit. The struggling Irvine computer maker reported net income of $8.8 million, or 2 cents a share. The result included a tax gain of $11.8 million. Last year Gateway posted a loss of $20.9 million, or 5 cents a share. Analysts polled by Thomson Financial had expected earnings of 2 cents a share. Revenue declined 9% to $1.02 billion, short of Wall Street's estimate of $1.05 billion.

* 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.

Four years after federal regulators first accused two former Gateway Inc. executives of manipulating earnings, a jury found the men liable for violating fraud and recordkeeping laws and making false statements, the Securities and Exchange Commission said Thursday. The jury reached a decision Wednesday in the civil trial against former Chief Financial Officer John J. Todd and former Controller Robert D. Manza.

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.

Acer Inc. said Gateway Inc.'s board accepted its acquisition offer. Gateway's directors unanimously agreed on the offer, Taipei-based Acer said. Acer, which offered to buy the Irvine-based computer maker for about $710 million, said it signed a definitive agreement Aug. 27. Separately, Gateway said it agreed to sell its corporate business unit to MPC Corp. for about $90 million.

Gateway's cows are going global. Gateway Inc., the struggling Irvine-based personal computer maker, agreed Monday to be acquired by Taiwan's Acer Inc. for $710 million in cash. The company is best known for its commercials with chattering cows and its Holstein-print shipping boxes. By snapping up Gateway, Acer would displace Apple Inc. as the U.S.' third-largest computer seller with nearly 11% of the market, according to research firm IDC.

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.

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.

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.

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.

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.

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.

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.

Four years after federal regulators first accused two former Gateway Inc. executives of manipulating earnings, a jury found the men liable for violating fraud and recordkeeping laws and making false statements, the Securities and Exchange Commission said Thursday. The jury reached a decision Wednesday in the civil trial against former Chief Financial Officer John J. Todd and former Controller Robert D. Manza.