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Topic: Gateway Inc (GTW)

thecainman
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Gateway computers are doing everything possible to make a hugh come back. This is the time to buy with share prices down. By the years end I see the stock in the double digits.

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thecainman

Posts: 16 | From: starkville, ms usa | Registered: Apr 2004 | IP: Logged |

backshifter
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quote:
Originally posted by thecainman:
Gateway computers are doing everything possible to make a hugh come back. This is the time to buy with share prices down. By the years end I see the stock in the double digits.

What are you crazy? This is an stock that is for the history books. It is what the big muni's are selling their suckers in order to bring money into their pockets! Computers are today is what VCR's was in the 70's and 80's, everybody had at least one! Look at the new tech. and forget the has been's, the return will be where Gateway was " back in the day ".

Posts: 18 | From: Phila. Pa. | Registered: Mar 2004 | IP: Logged |

roger7485
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Well, while true that gateway is a computer company, they are adapting to new markets. Such as their new large screen plasma market. The company will probably continue to scale into new markets, although admittedly this is probably not the place to find gateway investors. People here are riverboat gamblers.

Posts: 609 | From: Bloomington, Indiana | Registered: Feb 2004 | IP: Logged |

Coloradocoz
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I am originally from sioux city where they are primarily located and i hear a lot of news from friends and family whenever anything happens. Since Ted has taken control of the company he has made some major changes but i don't know if they are good or bad. He has moved most of the administration to san diego, cut sales and customer service drastically, and now word is that huge cuts in production are coming and moving it to other countries where he can build them and ship them back cheaper than building them here in the usa. Just word on the street, so do your own DD.

Posts: 11 | From: superior,co,usa | Registered: Apr 2004 | IP: Logged |

thecainman
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Opposites attract
Mah likes Gateway, Tellabs, Bristol-Myers Squibb

By Andrea Coombes, CBS.MarketWatch.com
Last Update: 12:03 AM ET April 15, 2004

SAN FRANCISCO (CBS.MW) -- While many investors steer clear of companies that fall on hard times, such misfortune often brings a smile to Howard Mah.

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The manager of the Ameristock Focused Value fund (AMFVX: news, chart, profile) said that bad tidings are often a buy signal for the deeply discounted stocks he seeks.

"We're looking for companies that get bad raps," Mah said. "We take a deeper look into those companies to find out what the underlying issues are."

Many of the fund's investments apparently have beaten the rap. Focused Value, which Mah co-manages with Nicholas Gerber, rose 59 percent in the past year, 8 percentage points better than its mid-cap value peers, according to fund research firm Lipper. The no-load portfolio's annualized 11 percent gain over three years is average for the category, Lipper reports.

Computer-maker Gateway (GTW: news, chart, profile) is among Mah's favorites. While the company has been losing money for several quarters, Mah said he has confidence in its turnaround effort.

"They're doing a lot of the right things," he said, including closing all of their retail stores earlier this month.

"They've been slashing their workforce and streamlining, and just basically reconstructing the whole company," Mah said.

Also, he added "the purchase of eMachines will add to their top and bottom lines nicely." In addition, Mah said he's pleased that eMachines' chief executive, Wayne Inouye, is now Gateway's CEO.

"He turned around eMachines. He should be able to carry the eMachine portion of that and maintain it, and also help Gateway overall."

Gateway shares closed Wednesday down 9 cents at $6.04

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thecainman

Posts: 16 | From: starkville, ms usa | Registered: Apr 2004 | IP: Logged |

timberman
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Dude buy DELL. lol

Posts: 474 | From: Central PA | Registered: Oct 2003 | IP: Logged |

Repoman75
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Moving huge this morning.

Gateway: Hui Makes Offer for Retail Unit
Wednesday August 23, 7:33 am ET
Gateway Confirms EMachines Founder Lap Shun Hui Makes Unsolicited Bid for Retail Operations

IRVINE, Calif. (AP) -- PC and printer maker Gateway Inc. confirmed early Wednesday it has received an unsolicited offer from eMachines founder Lap Shun Hui to acquire Gateway's retail operations for $450 million.
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China-born entrepreneur Hui sold low-cost PC maker eMachines to larger rival Gateway in early 2004 for about $290 million in cash and stock. He is now Gateway's second-largest shareholder, behind company founder Ted Waitt, and has previously expressed interest in buying Gateway and taking it private.

Hui, who now owns office products development firm Joui International, said in a letter to Gateway Chairman Rick Snyder that in order to effectively compete, Gateway must separate its retail operations from its other businesses, as well as make other changes to improve margins.

"I am very disappointed that Gateway has chosen not to constructively engage in discussions with me and my advisors on the proposal that I sent to you on Aug. 3. I believe that management and the board need to adopt a sense of urgency to address Gateway's problems," Hui wrote in a letter dated Monday.

"The landscape of the PC business has continued to evolve rapidly and Gateway has not reacted. Gateway's stock price has continued to decline and the failure to name a replacement CEO for over six months has left Gateway in a position where it is unable to clearly and credibly articulate its strategic direction to the market," he continued.

Hui also said he would consider acquiring all Gateway shares and separating the businesses himself, if Gateway prefers that route.

Gateway said its board will review Hui's bid with the help of its financial and legal advisers, Goldman, Sachs & Co. and Skadden, Arps, Slate, Meagher & Flom LLP, respectively.

Gateway shares closed Tuesday at $1.72 on the NYSE. Last fall, the stock traded at a 52-week high of $3.25, but has since steadily declined to hit a year-low of $1.30 earlier this month. Shares are down 34 percent since the beginning of the year.

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Stick with Repo's plan in '07 - FRPT/DKAM!

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