This article is more than 1 year old
Gateway gets hammered in Europe
It's going to sack some people
Fri 20 Jul 2001 //
09:45 UTC
PC maker Gateway has recorded Q2 sales of $1.5 billion, down from $2.2 billion a year earlier.
The revenues were well below the $1.9 billion expected and the company has unsurprisingly described the market as "challenging".
Net losses for the period were $20.8 million including one off charges. It made a profit of $118m a year earlier.
The company got a severe spanking in Europe with sales plummeting 46 per cent. In the Asia Pacific region they fell by 36 per cent.
Gateways' way out of the situation is a corporate rejig - staff will be sacked as it creates a solutions group out of its consumer and business units. ®
Biting the hand that feeds IT
