Quote:
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Gateway last month reported a second quarter pretax loss of about $9 million, or 2 cents a share, and said it saw no imminent rebound for the U.S. consumer PC market. Earlier this month it said it plans to shut operations in Britain and Ireland, eliminating more than 1,000 jobs.
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Everybody's bleeding. Gateway's overhead (their stores) will continue to hurt them...keep an eye out, Gateway will be prime merger fodder. Also mentioned in the quoted
article; S&P dropped Gateway stock to junk status. Neat. What a time for a career change *sigh.*