Gateway alumnus resurfaces at HP
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Former Gateway executive to lead consumer marketing efforts at Hewlett-Packard.
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David Murphy steps into the senior VP role from Mercury Interactive, acquired by HP last year.
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The new Gateway One is an all-in-one design that's the successor to Gateway's Profile series PCs.
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(InfoWorld) - Acer Inc. plans to acquire Gateway Inc. in a deal worth $710 million that Acer says will make it the world's third-largest PC vendor. Under terms of the agreement announced Monday, Acer will purchase all of Gateway's outstanding shares for $1.90 per share. The deal has already been approved by the boards of directors at both companies and should be completed by the end of this year, subject to government approval, Acer said in a statement. Gateway's shares ended at $1.21 Friday on the New York Stock Exchange. "This is the biggest acquisition in Acer's 30 year history," said J.T. Wang, Acer's chairman, speaking at a news conference in Taipei. "After this acquisition, we are solidly number three in the global PC market," Wang said. Acer's acquisition deal with Gateway also derails rivalÂ Lenovo Group's plans to acquire Packard Bell. Alongside the acquisition deal with Acer, Gateway unveiled plans to exercise its right of first refusal to acquire shares in Packard Bell's parent company, PB Holding Co. SARL, from John Hui. Hui is the founder ofÂ eMachines, which Gateway acquired in 2004, and the largest shareholder in Packard Bell. Gateway did not disclose how much it has offered for Hui's stake in PB Holding. Acer's efforts to overtake Lenovo will get a big boost from Gateway, which was the world's eighth largest PC vendor during 2006. Together Acer and Gateway shipped 18.6 million PCs during 2006, compared to 16.6 million PCs shipped by Lenovo. The Gateway acquisition will have the greatest impact in the U.S., where Acer has been growing fast but remains in sixth place among PC vendors. "This is definitely a good play for them from the U.S. consumer perspective," said Bryan Ma, director of personal systems research at IDC Asia-Pacific. However, the big question is how Acer plans to integrate Gateway with its own operations, and how smoothly the integration process will go, he said. Acer's share of the U.S. PC market grew 164 percent during the second quarter of 2007, compared to the same period last year. Acer shipped 888,000 PCs to U.S. customers, giving the company a 5.2 percent share of the market. By comparison, Gateway was the fourth-largest PC vendor during the second quarter, shipping 965,000 PC and taking 5.6 percent share of the U.S. PC market. The Gateway acquisition vaults Acer into the number three spot in the U.S. PC market, behind only HP and Dell. "Acer is an outstanding strategic partner for Gateway," said Ed Coleman, CEO of Gateway, in a video feed at the Taipei news conference to announce the deal. Gateway reported net income of $1.9 million for the second quarter, compared to a loss of $7.7 million one year earlier. The company said gains in its retail division during the period were offset by declining revenue in its professional and direct divisions. However, talks are currently underway to sell off the professional division to a third party, Gateway said Monday. The company did not offer details of those discussions. Â
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After a seven-month search, Gateway has a new CEO.
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Shares in Gateway Inc., the third-largest personal computer maker in the United States, rose 5 percent in early trading Friday, a day after the company named a new chief executive.
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Gateway Inc. GTW.N on Monday said it  would return to its roots as a personal computer company,  backing off on an aggressive strategy of expanding into TVs,  digital cameras and other gadgets in a move to return to  profitability.
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Gateway is expected to announce a new lineup of business desktops based on a new PC chassis design that removes heat from the system and can help extend the life of a PC, according to the company.
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PC maker Gateway Inc. announced on Sunday that its recent line of laptop computers, desktop computers, and monitors will be available to customers at Micro Center.
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Retailer will begin offering Gateway notebook and desktop PCs next month.
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By Womack, Brian  A couple of local computer industry veteransLap Shun "John" Hui and Wayne Inouye-may come out of retirement to take on Europe.  Hui, who sold eMachines Inc. to Irvine-based Gateway Inc.
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The first in a new series of desktop PCs from Gateway will become available later this week, says the company.
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By Scott Miller, The Pantagraph, Bloomington, Ill.  Feb. 11--BLOOMINGTON -- Jeff Mercier came into work one morning, turned  on his laptop, logged into the corporate server and quickly got a call from  the IT department.
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The company's original visionary returns to the helm.
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InfoWorld - Hewlett-Packard has announced four entry-level servers for SMBs, along with updates to its remote management software.
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Gateway plans to overhaul its consumer PC lineup Thursday with new configurable models that will be sold exclusively through the company's Web site and call centers.
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Position created more than a year ago finally gets filled.