My spin: What a sad state for Gateway to be in….
Gateway, still reeling from a 2001 deficit of $1.03 billion and struggling to keep its 2002 loss under $250 million (while at the same time pressured by stiff price competition from Dell and HP), is hoping to reinvent itself outside-the-box: using its retail stores to sell not just computers and printers but also such consumer electronics items as digital cameras, MP3 music players, video cameras, a 42-inch wall-mountable plasma TV display.
Technology consultant Martin Pichinson says “Gateway is probably more valuable dead than alive. We believe there’s just no room for them. Dell is beating the you-know-what out of everybody. There’s just no margins anymore. You’ve got to know when to hold them and when to fold them.” (full story)
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