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BUSINESS
January 11, 2000 | Bloomberg News
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.
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BUSINESS
August 28, 2007 | Alex Pham, Times Staff Writer
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.
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BUSINESS
June 20, 2007 | From Times Wire Services
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.
BUSINESS
August 17, 2007 | From Times Wire Services
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.
BUSINESS
August 17, 2007 | From Times Wire Services
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.
BUSINESS
May 26, 2000 | Reuters
Gateway Inc. and IXL Enterprises Inc. said they would jointly market personal computers, Internet access, financing, training and other PC-related products to corporate employees to use for the home or office. In addition, Gateway agreed to pay $150 million for a 10% stake in Consumer Financial Network, a unit of IXL that provides employee benefits and human resources services.
BUSINESS
September 13, 2005 | From Bloomberg News
Gateway Inc., the third-largest U.S. personal computer maker, is reentering the British market after a four-year absence to boost sales. Irvine-based Gateway is selling a notebook PC, two desktop PCs and liquid crystal display televisions through the 250-retail chain Comet, a unit of Kesa Electricals. Gateway also is selling its EMachines PCs and displays through 138 Staples Inc. stores in Britain.
BUSINESS
May 18, 2006 | From the Associated Press
Computer maker Gateway Inc. said it picked Nashville for the company's first U.S. manufacturing facility. The plant, which will employ 300 in its first year, will assemble Gateway's custom-ordered desktop and notebook computers, servers and storage arrays and provide integration and software services. Irvine-based Gateway said the facility would open as early as October. It will augment Gateway's manufacturing facilities in Malaysia, France, Germany and Ireland.
BUSINESS
August 9, 2005 | From Times Staff and Wire Reports
Gateway Inc. violated two patents held by larger PC maker Hewlett-Packard Co., a U.S. International Trade Commission judge said. The judge decided that Irvine-based Gateway would not be able to import a "significant amount" of disputed desktops and server computers as well as some notebook PCs, Palo Alto-based Hewlett-Packard said. The patents involve parallel ports that connect printers to PCs, which Gateway maintains are largely unused by consumers today because of new technology.
BUSINESS
June 20, 2007 | From Times Wire Services
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.
BUSINESS
June 15, 2007 | From Times Staff and Wire Reports
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.
BUSINESS
May 31, 2007 | From Times Wire Reports
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.
BUSINESS
May 9, 2007 | From Times Staff and Wire Reports
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.
BUSINESS
March 27, 2007 | From the Associated Press
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.
BUSINESS
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.
BUSINESS
February 9, 2007 | From the Associated Press
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.
BUSINESS
December 7, 2006 | From Bloomberg News
Computer maker Gateway Inc. agreed to give shareholder Firebrand Partners a seat on the board and would add another director to head off a potential showdown at the company's annual meeting. The Firebrand seat will go to Scott Galloway. A second director who is acceptable to both Gateway and the Firebrand-led group will be picked by Feb. 28. In October, Firebrand and shareholder Harbinger Capital Partners sought to have three representatives named to the board.
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