Gateway Turns to Profit on Retail Sales
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Personal computer maker Gateway Inc.  on Thursday swung to a quarterly profit from a year-ago loss as revenue rose 18 percent on better-than-expected retail performance and the company retired its preferred stock.
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Buoyed by strong consumer demand for personal computers and stringent cost cuts, computer maker Gateway reported a third-quarter loss on Thursday that was much narrower than a year ago.
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Gateway has introduced the first products in a new line of desktop PCs for sale at major retailers throughout North America, following through on plans to broaden the company's reach beyond direct-sales channels.
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Electronic broker-dealer posts a profit and beats the Street.
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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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PC maker Gateway Inc. said on Sunday its new line of notebooks, desktop personal computers and monitors aimed at retail markets will be available at Micro Center&#39;s 20 stores in the United States.
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The Taiwanese PC maker has been growing fast. With Gateway, it gets a bigger foothold on U.S. soil.
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The online retailerâs revenue was up 42 percent in its fourth quarter and its profits more than doubled, but its profit margins were lower.
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IRVINE, Calif., June 1  /PRNewswire-FirstCall/ -- Gateway, Inc. today announced that it's won the leading position in Technology Business Research's (TBR) Corporate IT Buying Behavior and Customer Satisfaction Study for Corporate Desktops in the first quarter of 2007.
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The apparel retailer reports higher sales and profits but lower comps.
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SAN FRANCISCO (CBS.MW) -- Gateway Inc.&#39;s shares climbed as almost 8 percent Friday after the personal-computer and electronics company said it expects to post a second-straight quarter of earnings before one-time charges.
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Two former Gateway executives have been found guilty by a federal jury of manipulating earnings and revenues to meet Wall Street expectations.
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IRVINE, Calif. -- A federal jury ruled that two former Gateway Inc. executives manipulated earnings to meet analysts' expectations, the Securities and Exchange Commission said yesterday.
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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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PC maker sees potential profit at the end of the tunnel, boosted by new sales strategy.
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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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Cutting unpopular lines boosts the retailer's sales and profits.