Hui makes pitch for Gateway retail unit
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The founder of eMachines Inc. has offered $450 million to acquire the retail business of Gateway Inc., in a bid that intensified speculation about a possible buyout of the long-struggling PC maker.
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(InfoWorld) - Gateway has agreed to sell a unit targeting education, medium-size businesses, and government users to MPC for $90 million, the companies said Wednesday. MPC, of Nampa, Idaho, plans to combine the unit with its own operations to grow. The combined revenue of MPC and Gateway's Professional division would have been $1.2 billion last year, MPC said in a statement. MPC will gain a PC assembly facility in Nashville, Tennessee, as well as a portion of Gateway's Consumer Direct business, the companies said. The company will also immediately assume responsibility for all operations and warranty support associated with the Gateway unit. The deal is expected to close early in the fourth quarter of this year. Acer announced last week it wouldÂ acquire Gateway for $710 million. At the time, the companies said Gateway was in the process of selling off its professional business. Â
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(InfoWorld) - People fearing they might miss Gateway's signature black-and-white dairy cow PC boxes after the company is acquired by Acer Inc. have little reason to worry: Acer not only plans to keep the Gateway Inc. brand just the way it is, the Taiwanese company hopes to expand it. "A strong U.S. brand such as Gateway's can be expanded overseas into other markets," said Gianfranco Lanci, president of Acer, in a video feed at the Taipei news conference to announce the deal. Acer's determination to grow the brand should be some relief to American users. Gateway is the fourth biggest PC brand in the U.S., and popular among consumers. But until now, Acer has sold all of its products under its own name. Its strategy going forward is to start using multiple brands in all areas of the world, including the Gateway brand, as well as eMachines and possibly Packard Bell.Â Gateway plans to buy Packard Bell BV, which would ultimately end up as another Acer brand once the Acer-Gateway deal is finalized. Going forward, Acer plans to combine the talents of each company in order to expand product offerings for users. For example, Gateway is strong in desktop monitors, where Acer is weak, so Acer will use some Gateway technology to improve its offerings, said Lanci. The two companies will see where they can share designs and technology to improve their entire desktop and laptop PC line-ups, and expand this product cooperation to Packard Bell if a deal for the company is made. The deal could also mean more PC bargains for users. Becoming larger means Acer can gain better volume discounts when negotiating with parts suppliers. In addition, competition with Hewlett-Packard Co. and Dell Inc. should remain fierce, and the companies all work hard to keep prices low. Acer agreed to buy Gateway in an all-cash deal valued at US$710 million. The two companies combined will become the world's third largest PC vendor by shipments, at around 20 million desktops and laptops a year, and will transform Acer into a multibrand company. The Acer-Gateway deal still faces regulatory and shareholder scrutiny before being finalized. The boards of directors of both companies have already signed off on the agreement. Acer expects to gain $150 million worth of efficiencies via the Gateway deal, in expanding product lines, cross-selling products, cost cutting and in other ways. The Taiwanese company said Gateway employees would be critical to its success in expanding the brand, but did not say whether it would cut staff. Â
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NEW DELHI, Nov. 25. âThe Centre plans to open the doors to foreign direct investment (FDI) in the retail segment so long as it does not impact the domestic retailers in the same sector.
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IRVINE, Calif. -- Gateway Inc., a struggling computer maker that has accepted a buyout offer from a Taiwan-based company, said Wednesday it will sell its professional business unit to MPC Corp. in a deal valued at about $90 million.
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By Bloomberg, AP and Staff Reports  Gateway Inc., the third-largest personal computer company in the United States, said Friday that it rejected an unsolicited $450 million bid for its retail business from eMachines Inc. founder Lap Shun Hui.
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By Mary Ann Milbourn, The Orange County Register, Calif.  Dec. 13--Gateway Inc., the Irvine computer maker, has hired a longtime  executive in finance and technology to head its human resources.
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By Womack, Brian  Singapore Lives Up to Strict Reputation, Says 'No' to M-Flex's Bid to Scrap MFS Acquisition  TECHNOLOGY  Is a Gateway Inc. bidding war in the offing?  That might overstate it a bit.
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The electronic gadgets retailer talks up strategies for growth.
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The retailer has a winning formula.
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By Bei Hu  Gateway Group, a Hong Kong developer, is reviving a plan to offer the first publicly traded real estate investment trust made up solely of mainland China office buildings, people with direct knowledge of the plan said last week.
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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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Malaysian property developer UEM Land has roped in U.S. firm General Electric  as a strategic partner in plans it is spearheading to build a new Asian boomtown in the country's southern region of Johor.
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With a 350-unit apartment complex on track for probable approval next month, its developer is setting his sights on making the New England Business Center home to high-tech and medical research companies.
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IRVINE, Calif., Sept. 7  /PRNewswire-FirstCall/ -- The Gateway, Inc.  Board of Directors today announced the appointment of J. Edward Coleman, 54, as chief executive officer.
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&quot;Gateway&#39;s newly-established relationship with Micro Center is a very exciting one,&quot; said Bob Davidson, senior vice president of retail at Gateway.
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Gateway&#39;s relationship with Micro Center is &quot;very exciting,&quot; said Bob Davidson, senior vice president of retail at Gateway.