Feeds

Who'd want to merge with Gateway?

Q3 mostly sucked

  • alert
  • submit to reddit

The essential guide to IT transformation

Gateway announced its Q3 loss yesterday, a tidy $520 million. Sales dropped to $1.4 billion for the quarter, compared to the $2.5 billion it posted in the same period last year, which made it $132 million in profit.

The company tried to balance the news with a message of optimism for the future, swearing to become profitable again by the end of the current quarter.

Exiting its foreign markets is costing the company dear. It allocated $571 million for closing overseas operations, call centres and manufacturing plants, as well as writing down investments. Of course, these are one time costs, which is why it is able to keep hoping for better times in this quarter,

The PC maker is battling at the moment. While Dell is taking advantage of Compaq/HP confusion to grab a little extra market share, Gateway is just trying to keep its head above water. Not long ago, analysts were recommending that it find itself a merger partner, but it is difficult to see who would want to merge with the business right now. ®

Related Stories

Q3 PC shipments down
Gateway US sales fall

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.