PC Maker in Taiwan to Acquire Gateway
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Computer maker Acer of Taiwan announced yesterday that it would acquire Gateway, the third-biggest U.S. personal-computer company, for about $710 million in cash.
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Computer maker Gateway Inc. Tuesday said it has agreed to repurchase stock held by America Online Inc. for $316 million. AOL, which is a unit of media and entertainment company Time Warner
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Beleagured company hopes to add a little game power to its PC lineup with its purchase of high-end computer maker.
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By Mary Ann Milbourn, The Orange County Register, Calif.  Dec. 7--Gateway Inc., the Irvine computer maker, announced today that it  won a $2.2 million contract to supply computers and support services to five  Illinois school districts.
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Acer's acquisition of Gateway has had a definite impact on its overall market share, its chairman said Friday, and forecasted the manufacturer would be able to ship 25 percent more computers in 2008.
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Gateway Inc. (GTW.N) said on Wednesday its personal computers would be widely available at Office Depot. (ODP.N) in the latest move by the PC maker to broaden distribution at retail stores since acquiring rival eMachines this year.
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Struggling computer maker Gateway has added Micro Center to the list of retailers selling its new line of retail desktop and laptop computers and monitors.
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Gateway Inc. released the specifications Friday for a retail desktop PC based on a new motherboard design that should help cool high-end processors and graphics cards.
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Taiwan-based Acer Inc. will acquire Gateway Inc. for $710 million in a deal designed to give the long-struggling US computer maker the size it needs to compete against larger players, the companies said yesterday.
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Taiwanese PC vendor Acer predicts its PC shipments will grow as much as 35 percent this year led by a strong notebook PC market, a pace of growth that could see the company challenge U.S. rivals by the end of this year.Acer&#39;s revenue grew 25 percent last year to NT$461.7 billion (US$14.42 billion) and the company made inroads to the world&#39;s largest PC market, the U.S., by acquiring Gateway. The revenue figure is preliminary and only includes Gateway&#39;s last two and a half months of the year because the merger process took place late in the year.Acer bought Gateway&#160;for US$710 million last year.But the figures and PC shipments had a tremendous impact on Acer&#39;s global PC rankings in the final three months of 2007.The company took a solid third place in global PC shipments last year,&#160;topping Chinese rival Lenovo and gaining ground on Dell. Acer&#39;s global PC shipment market share during the fourth quarter of 2007 reached 9.6 percent in the fourth quarter, up 60 percent over the same time a year earlier, according to IDC, the industry researcher.Lenovo, which had been jockeying for third place with Acer all year, fell to fourth with a 7.5 percent share of the global market. HP retained its first place ranking with 19 percent market share, while Dell remained firmly in second place at 14.6 percent.&quot;Combined Acer/Gateway growth continued to be the fastest among the top vendors and is a very solid performance for the first quarter of merged operations,&quot; IDC said in a statement. &quot;Acer also clearly established itself as the third largest vendor, overtaking Lenovo, and seems to be handling the Gateway integration quickly,&quot; the statement says.This year, Acer forecast its PC shipments overall will rise between 30 percent and 35 percent, led by 40 percent shipment growth in notebook PCs. Such strong growth could help the company challenge Dell, which saw its PC shipments grow only 1.7 percent in 2007, according to figures from Gartner. The market researcher put Acer&#39;s shipment growth last year at 32.9 percent for the year.Acer&#39;s chairman, J.T. Wang, predicted last October that Acer could take up to a 12 percent share of the global PC market, putting it in the position to challenge Dell.Acer&#39;s net profit was NT$12.9 billion in 2007, up from NT$10.2 billion a year earlier. The company&#39;s 2007 figures are all preliminary, Acer said. Final results will be published later.&#160;
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Computer maker Gateway Inc. on Tuesday said it agreed to buy back about $316 million of its stock from Internet provider America Online Inc.
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Taiwanese computer firm Acer agrees to take over US PC maker Gateway and eyes the possible purchase of Packard Bell in Europe.
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Gateway Inc. on Monday said its personal computers will be sold at consumer electronics retail giant Circuit City Stores Inc. locations starting next month.
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A move to acquire U.S. computer maker Gateway for $710 million will push Taiwanese company Acer past China's Lenovo Group as the world's third largest vendor of personal computers. Are the signature cow boxes included in the deal?
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TAIPEI/SHANGHAI  - Taiwan's Acer  will  buy Gateway  for $710 million, creating the world's No.  3 PC maker and doubling its U.S. presence while dealing a blow  to arch-foe Lenovo's  efforts to grow in Europe.
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Despite the announcement that Gateway will acquire Packard Bell, Chinese computer manufacturer Lenovo said Tuesday that it will not completely give up on attempts to acquire the company itself.
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The Taiwanese PC maker has been growing fast. With Gateway, it gets a bigger foothold on U.S. soil.