Gateway names Arrow exec Coleman as 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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IRVINE, Calif., Dec. 8  /PRNewswire-FirstCall/ -- Gateway, Inc. today announced that it has earned the top spot in Technology Business Research's Corporate IT Buying Behavior and Customer Satisfaction Study for Corporate Desktops for the third quarter of 2006.
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Internet television service Joost  named former Cisco senior executive Mike Volpi as its new chief  executive on Tuesday, choosing a telecoms veteran to lead the  company as it courts big media to show programming on its site.
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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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Rudi Schmidleithner, head of Acer's Pan-America Organization, will take charge of Gateway at the end of January.
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The new Gateway will launch a complete line of notebook PCs as one of many steps to revitalize its business after&#160;merging with Acer, an Acer executive said Friday.&quot;Gateway&#39;s problem in the U.S. is that it mainly sells desktops, but the notebook is the fastest growing segment,&quot; said Gianfranco Lanci, president of Acer, during the company&#39;s third quarter investors conference in Taipei.New Gateway laptop PCs could be out as early as the first quarter of next year. Lanci said that no changes to Gateway&#39;s product lineup will be visible until then because it takes at least one quarter to discuss new products with retailers and distributors.Acquiring Gateway will raise Acer&#39;s share of the U.S. market to 11.7 percent, the company believes, and will give it a strong brand presence.Already, the company expects synergies from the acquisition to pan out better than previous forecasts. Acer predicts cost savings will reach $200 million, higher than a previous estimate of $150 million, and even the revised figure could be raised again, executives said.A large portion of that savings will come from volume discounts from component suppliers. &quot;When we have asked component suppliers for volume discounts, so far we have not encountered a single rejection,&quot; said Lanci.The cost of restructuring the Gateway business and integrating it into Acer is likely to be $30 million, Lanci said. The integration will likely be completed by March 2008, he said.The strategy of the new company will be to sell products under the Acer, Gateway, and eMachines brands. Once a&#160;deal to buy Europe&#39;s Packard Bell&#160;is completed, it will add that name to the list as well. The PC industry has changed, said Lanci. It has become a commodity business and in a commodity business it&#39;s better to&#160;sell products using multiple brands, not a single brand as in the PC industry of 10 years ago.&quot;We&#39;re going to run two brands in most regions plus maybe another that we use for special things,&quot; he said.Acer announced a plan to buy Gateway for $710 million in cash in August, and&#160;completed the deal&#160;last week. The company has nearly completed a deal to buy Packard Bell of Europe, as well.&#160;
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NEW YORKâAlmost six months into his new stint as president and CEO of Gateway Inc., Wayne Inouye came here on Monday to outline for financial analysts his plans for bringing the PC maker back to health.
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Sirius Satellite Radio Inc.  on Thursday named former Viacom Inc. President Mel Karmazin as its chief executive, in the latest migration of a mainstream radio heavyweight to the fledgling satellite industry.
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TAIPEI/SHANGHAI  - Taiwan's Acer Inc will buy Gateway Inc for $710 million to double its U.S. presence and unseat China's Lenovo as the world's No. 3 PC maker, while dealing a blow to its efforts to grow in Europe.
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(InfoWorld) - The chairman and CEO of Acer Inc. has vowed to step down if the company's bid to join with Gateway Inc. does not succeed. "The merger will definitely succeed. If it doesn't ... I will resign," the Chinese-language newspaper, Economic Daily News, quoted Acer Chairman and CEO J.T. Wang as saying in an interview published Wednesday. Acer spokesman Henry Wang confirmed the statement. The statement came amidÂ growing criticism of the acquisition, which the companies' boards have approved. Industry watchers and stock market analysts have called the US$710 million purchase too expensive, saying Acer should have foregone the deal and continued to grow its U.S. business from the ground up. The company's U.S. sales have grown at over 100 percent for the past few years, according to Acer. Other analysts fear Acer may have trouble bringing Gateway into its fold because it may ultimately become a three-in-one deal, including Gateway subsidiary eMachines and Europe's Packard Bell BV. That may be too many companies to absorb in one go, analysts say. "The premium paid to Gateway may be too high, and the execution risk of multiple-brand strategy is clearly the key here," said Vincent Chen, PC industry analyst at CLSA Asia-Pacific Markets in Taipei. Taiwanese investors don't like the deal, either.. Acer's shares have fallen by their daily market limit, 6.9 percent, for each of the past two days to close at NT$55.1 (US$1.67) Wednesday on the Taiwan Stock Exchange. Acer agreed on Monday to buy Gateway in an all-cash deal for US$1.90 per share, a 57 percent premium on its closing share price of US$1.21 on the New York Stock Exchange on Friday. Acer said the deal will transform it into a much larger company with US$15 billion per year in revenue and shipments of nearly 20 million PCs, giving it a solid base in the important U.S. market. The companyÂ plans to market multiple PC brands worldwideÂ after the transaction, thereby increasing sales. The deal will also help it cut costs. Size is vital to gaining volume discounts from parts suppliers, Acer said. The purchase still faces regulatory and shareholder approval. Â
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HOUSTON, Sept. 18  /PRNewswire-FirstCall/ -- The HP Group of Arrow Enterprise Computing Solutions (ECS), a business unit of Arrow Electronics, Inc. , today announced it will sponsor the exhibits of three ISVs with email archiving expertise at the HP Technology Forum 2006 from Sept.
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Former Gateway executive to lead consumer marketing efforts at Hewlett-Packard.
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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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The Houston Astros have appointed Ed Wade as general manager, the team said on Thursday.
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Gateway Inc. , the computer  maker that recently shuttered its chain of 188 stores, will  begin selling its desktops at CompUSA Inc.'s outlets later this  week, the two companies said on Monday.
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IRVINE, Calif., Dec. 13  /PRNewswire-FirstCall/ -- Gateway, Inc.  today announced that Lazane Smith, 52, has been appointed senior vice president, human resources.
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By The Record, Hackensack, N.J.  Feb. 23--NAZARI: Andrew Nazari was promoted to vice president and senior  director of new business development for Upper Saddle River-based Hunter  Douglas, manufacturer of window blinds and shutters.