Gateway's Waitt: "Price Won't Rule the Day"
Early this year, as Gateway's PC sales and stock price sagged, retired co-founder Ted Waitt called the members of his old management team and said, "I'm thinking about getting the band back together." On Jan. 29, he did just that, returning himself to the CEO's chair and replacing the management he had hired just 13 months earlier with the group that originally built Gateway into a leading consumer brand. One big reason for urgency: In the fourth quarter of last year, Gateway's share of the U.S. PC market dropped to 8.1% from 9.1% a year earlier.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.