Waitt takes charge at Gateway
Gateway CEO Jeff Weitzen is retiring - after just 13 months at the helm - and at the age of 44!
His replacement is Ted Waitt, Gateway's founder, who says he's taking the job on a permanent basis.
In a tough year for the PC business, Gateway had a more disastrous 2000 than most. The company was slow to react when rival cut their prices and sales tumbled.
Last year, in October, Weitzen trumpeted the success of Beyond the Box, Gateway's software and services strategy - responsible for delivering half the firm's profits. That's all well and good, but if you're a PC maker who's not selling PCs, then you're also not selling those lucrative software and service contracts either.
In a press statement, Waitt says the company will focus on what "Gateway's always done best: Delivering better products, at better prices, with better service than anyone else out there, all while living the Gateway values". Not so much a company then , more a way of life. And a not particularly healthy one, at that. ®