CNN: Gateway closing all CA stores, 2,500 jobs.

this a blurb on Anderson's 360 show. no link yet.

Squealed Smirky McShrub
The Clueless Chimpanzee in Charge

Your sharp tongued & often witty posts are welcome blasts of poignant clarity.

:thumbsup:

Gateway's going to shrivel and, probably, die. Nothing foreseeable is going to restore tech sales to their 90's heights.

Bricks and mortar stores for computers? Why?

I thought we were supposed to be CREATING jobs under the Bush economy. I guess this proves him horribly wrong.

188 Stores.

and to think repugs in the state of Iowa were doubled over in anger when Gateway left for S. Dakota. Maybe if they had a decent product they wouldn't be doing this. I wonder if it's just the CA stores that are closing?

Gateway really doesn't sell a bad product, but maintaining a storefront IS expensive. There was one in our town that went out of business last year.

They should have stuck to the business model of MAIL ORDER which is what they did well.

I go to a computer store to purchase, so long as there are any left. After that, there are still more-general retailers who sell computers as well.

that have loyally served a business like this. Spent months or years of their lives, go in every day on time, wear special clothes & barely make a living & one day poof no more job, good by! see ya!

I think that gateway has been kind of a sad case for a while now, the concept didn't really take off or was sustainable. I hope that the employees find something else better to do and are safe.

um, no.

I thought that Arnold was going to bring businesses to CA.

REACH OUT AND TOUCH SOMEONE!

I MUST BREAK YOU!

here in South Dakota a few months ago.
Not to worry. Outsourcing is a good thing!
Tell that to the people that don't have a job now.
:puke:

http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=144245&TICK=GTW&STORY=/www/story/04-01-2004/0002139696&EDATE=Apr+1,+2004

Wanna bet their stock goes UP tomorrow?

for the Gateway brand and big box for the eMachine brand. These "stores" were just showrooms and one couldn't actually buy a computer, one could only order one. Makes me appreciate Apple even more, where one can go into a store, get excellent information from a consusltant that actually knows what they are talking about, actually buy a world class computer and take immediate delivery. That's a business model.

and tried to buy parts. Silly me! They told me I can't even walk out with one of those machines they had set up; I had to order one. I kida looked at the guy and said, "Well, then, you're wasting my time. I'm off to Store XYZ..."

I waled out of that store with more than $600 in parts: case, motherboard, CPU, the whole shebang. I then went home and put together my new PC.

Gateway's loss. Screw 'em.

survive. They said that Dell, Apple, and Sony stood the best chance of survival if the recession lasted a long time. They didn't hold out much hope for Compaq and HP as far as the desktop market.

:)

Just a thought.

out of, at least, Best Buy back in the early 90's. They've already been here. So, what happened to them?

weren't they just a re-branding of something else?

about 80 PC's. They must be available now.

I went to a store here in Phoenix and bought my system there...a couple of months later I bought a laptop from them...so I don't see how anyone can say that their stores didn't sell PC's...

This is two bad...I love my PC's from Gateway...never had any problems what-so-ever with mine...either one...they perform better than any other machine I have ever had...I had an Acer and an HP Pavillion and both turned into the biggest pieces of crap ever...

anyway...that's to bad for the employees...

order their computers. After they had their asses handed to them, they changed their business model, but it was too late, the perception continued. They never recovered.

Charles G. Carey, Director, 49

• Mr. Carey is a consultant to and Director of News Corporation - Rupert Murdoch ... the good ol'boys destroying us wherever they go

• Before February 2002, Mr. Carey was the Chairman of the Board and Chief Executive Officer of the Fox Television Division of Fox Inc. and Co-Chief Operating Officer of News Corporation and the Fox Entertainment Group, Inc., located in Beverly Hills, California. Mr. Carey served in various other executive capacities at Fox from 1988 to 2002.

• He received a B.A. from Colgate University and an M.B.A. from Harvard University.

• Mr. Carey has been a Director of Gateway since March 1996. He is a member of the Audit and Compensation Committees.


Theodore W. Waitt, Chairman of the Board, Chief Executive Officer and President, 40

• Mr. Waitt co-founded Gateway in 1985 and has served as Chairman of the Board since February 1993.

• Since Gateway’s formation, Mr. Waitt also served as a Director and until January 1996, he served as President. He also served as Chief Executive Officer from February 1993 until December 1999. Effective December 31, 1999, Mr. Waitt resigned as Chief Executive Officer. He continued to serve as Chairman of the Board.

• Mr. Waitt was re-elected as President and Chief Executive Officer in January 2001.


Douglas L. Lacey, Director, 55

• Mr. Lacey is a partner in the accounting firm of Nichols, Rise & Company, L.L.P. and managing partner of its Sioux City, Iowa office. He joined Nichols, Rise & Company, L.L.P. in 1973.

• Mr. Lacey received a B.A. degree from Briar Cliff University in 1973.

• Mr. Lacey has been a Director of Gateway since 1989. Mr. Lacey is Chairman of the Audit Committee.


James F. McCann, Director, 51

• Mr. McCann has served as Chairman of the Board and Chief Executive Officer of 1-800-FLOWERS.com, Inc., located in Westbury, New York, since 1987.

• Mr. McCann also serves on the boards of Boyds Collections Ltd., GTECH Corporation, Hofstra University, Winthrop-University Hospital, Very Special Arts, and The National Retail Federation.

(GTECH AND George W*)

• Mr. McCann has been a Director of Gateway since 1996. He is a member of the Compensation Committee and is the Chairman of the Corporate Governance & Nominating Committee.


George H. Krauss, Director, 61

• Mr. Krauss has been an attorney with the law firm of Kutak Rock LLP in Omaha, Nebraska, since 1972 and is engaged in the firm’s corporate, mergers and acquisitions and regulatory practices. He became a partner in Kutak Rock in 1975 and became of counsel on January 1, 1997. He served as the firm’s presiding partner from 1983 to 1994.

• Mr. Krauss is a consultant to America First Companies. Mr. Krauss serves on the Board of Directors of MFA Mortgage Investments, Inc., which is listed on the New York Stock Exchange, and West Corporation, as well as America First Apartment Investors, Inc., both of which are listed on NASDAQ. He is also on the Board of Directors of the general partner of American First Real Estate Partners, L.P. and America First Tax Exempt Investors, L.P., both of which are listed on NASDAQ.

• Mr. Krauss received B. S., M.B.A. and J.D. degrees from the University of Nebraska.

• Mr. Krauss has been a Director of Gateway since 1991. He is a member of the Corporate Governance & Nominating Committee and is the Chairman of the Compensation Committee.


Richard D. Snyder, Director, 44

• Mr. Snyder is the Chief Executive Officer of Ardesta, LLC, in Ann Arbor, Michigan, a company focused on being the leader in bringing small tech products to the global marketplace, a position
he has held since 2000. Between 1997 and 2000, he was President of Avalon Investments, a venture capital management company also headquartered in Ann Arbor, Michigan.

• Mr. Snyder serves on the boards of various companies of Ardesta and Avalon Technology. He is a member of the University of Michigan’s College of Engineering National Advisory Committee, the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies Advisory Board, the University of Michigan’s Technology Transfer National Advisory Committee, the Purdue University School of Engineering Visiting Committee, the Henry Ford Board of Trustees, and the NanoBusiness Alliance Advisory Board.

• Mr. Snyder served as Gateway’s President and Chief Operating Officer from January 1996 until his resignation in August 1997 and was our Executive Vice President from July 1991 until January 1996.


• Mr. Snyder has been a Director of Gateway since 1991. He is a member of the Audit and Corporate Governance & Nominating Committees.


http://www.sec.gov/Archives/edgar/data/895812/000089843003002499/ddef14a.htm

How George Dubya Won The Lottery Game For GTech

The Londond Observer
Sunday, November 28, 1999


Governor George W Bush was a fighter pilot during the war in Vietnam - not in the US Air Force, where one could be seriously hurt or injured - but in the Texas air force, known as the Air Guard. Membership excused these weekend warriors from the draft. Young George W tested at 25 out of 100, one point above 'too dumb to fly' status, yet leapt ahead of hundreds of applicants to get in.

Baby Bush's good fortune 30 years ago is connected in a strange and edifying manner to the victory by GTech Corporation and its Camelot partners in beating Richard Branson for the new contract to operate the National Lottery, starting in 2002.

Some may find this news of GTech's success a bit surprising for two reasons. First, the National Lottery will not send out invitations to bid for contract until Tuesday. Second, the Government supposedly banished US-based GTech from the Camelot partnership two years ago, after a jury ruled in a libel case that GTech's chairman had tried to bribe Branson.

It is not confusing if you follow the money. Look back to 1968, when an aide to Ben Barnes, lieutenant-governor of Texas, suggested to Brigadier-General James Rose that he find a safe spot in the Air Guard for Congressman Bush's son.

~snip~

http://www.gregpalast.com/detail.cfm?artid=19&row=1

This sucks, it really does.