Feeds

Gateway optimistic for quarter

Trading better than expected

  • alert
  • submit to reddit

Gateway, the PC maker, says losses for the second quarter, ending 30 June 2004, should be smaller than and revenues a little higher than previously anticipated.

The company now forecasts a loss of between 13 and 14 cents per share, rather than 15 cents. This excludes the impact of restructuring costs of $300m giving a loss of between 80 and 94 cents per share.

Gateway expects sales of between $860m and $880m compared to previous guidance of $798m. Sales were particularly strong in retail and professional markets. It attributes the smaller loss to better sales, coupled with success in reducing selling and admin costs. However, this had been offset by pricing pressure in professional markets and rebates in retail. ®

Related stories

Intergraph and Gateway kiss and make up
Gateway loss widens as patent lawsuit fund grows
Gateway axes 2,500 jobs, closes US stores

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.