Gateway has tried to grow by going beyond the personal computer market and selling consumer items such as digital cameras and TV’s. However, the Washington Post reports that Gateway Chief Executive Wayne Inouye told analysts at a meeting in New York, “Our focus right now is to stick to our core business.”
The new strategy completes a shift spearheaded by Inouye, the former CEO of eMachines, to shrink Gateway’s size and improve margins through cost management. Gateway already has a deal with retailer Best Buy Co. Inc. and others.
Gateway is a good company and I’m glad to see that althought its down financially, it’s still fighting to stay in the game.