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Archive for 28/08/2007
Acer snaps up Gateway
28/08/2007 by swordfish.
When Acer agreed on Monday to purchase the American PC maker Gateway, it wasn’t a huge surprise, since more than a few pundits would say Gateway’s acquisition has been several years overdue.
But at a $710m (£354m) purchase price, it’s a comedown for a company that in 1997 was offered $7bn to become part of Compaq (which was eventually acquired by HP).
A string of bad quarters, a revolving door into the chief executive’s office and a problems with business strategy have all led to Gateway’s end as an independent company after 22 years in business.
Source: ZDNET
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