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Gateway Is a computer hardware company based in Irvine, California, which develops, manufactures, supports, and markets a wide range of personal computers, computer monitors, servers, and computer accessories. It became a well-known brand in 1991 when it started shipping its computer hardware in cow-spotted boxes and for its creative advertising in Computer Shopper and other magazines. In the early and mid-2000s, the company struggled; after years as a fixture on the Fortune 500 list of largest companies worldwide, the company was not listed in 2006, having dropped to number 508.
AOL acquired Gateway.net, the online component of Gateway, Inc., in October 1999 for US$800 million.[1]
On September 4, 2007 Gateway announced that it has signed a definitive agreement to sell its professional business segment to MPC Corporation. This includes the company's Nashville-based configuration center.[2]
On October 16, 2007, Acer Inc. completed its acquisition of Gateway for approximately US$710 million.[3] Its closing US$1.90 share price is far below the US$4 average Gateway held in the mid 1990s and drastically below a high of US$84 in late 1999. The US$1.90 per share is just barely over half of the split adjusted IPO price of US$3.75 in 1993.
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Gateway Is a computer hardware company based in Irvine, California, which develops, manufactures, supports, and markets a wide range of personal computers, computer monitors, servers, and computer accessories. It became a well-known brand in 1991 when it started shipping its computer hardware in cow-spotted boxes and for its creative advertising in Computer Shopper and other magazines. In the early and mid-2000s, the company struggled; after years as a fixture on the Fortune 500 list of largest companies worldwide, the company was not listed in 2006, having dropped to number 508.
AOL acquired Gateway.net, the online component of Gateway, Inc., in October 1999 for US$800 million.[1]
On September 4, 2007 Gateway announced that it has signed a definitive agreement to sell its professional business segment to MPC Corporation. This includes the company's Nashville-based configuration center.[2]
On October 16, 2007, Acer Inc. completed its acquisition of Gateway for approximately US$710 million.[3] Its closing US$1.90 share price is far below the US$4 average Gateway held in the mid 1990s and drastically below a high of US$84 in late 1999. The US$1.90 per share is just barely over half of the split adjusted IPO price of US$3.75 in 1993.
