Gateway Is Swinging At A Dizzying Speed

If and when computer industry heavyweights jump into mail order, they'll have a tough time matching the prices of Gateway 2000 Inc. Ted Waitt, Gateway's 29-year-old, ponytailed president, has given new meaning to the idea of low overhead. Working for an average wage of about $7 an hour plus a share of profits, Gateway's former meatpackers hand-assemble personal computers in a corrugated-metal building in North Sioux City, S.D., abutting a gravel-covered parking lot. A similar one-story structure serves as the headquarters. Waitt's idea of an executive lunch is a bite at the local truck stop.

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