Will Continue Direct Sales via Web, Phone Channels
POWAY, Calif., April 1 /PRNewswire-FirstCall/ -- Gateway, Inc. (NYSE: GTW)
said today that after reviewing strategic options for its network of 188
company-operated retail stores, it is planning to close the stores on April 9.
Gateway also said it is pursuing wider retail distribution of its products
in the U.S. and abroad.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020930/LAM050LOGO )
The company will continue direct sales of Gateway products to consumers
and businesses via http://www.gateway.com and 1-800-Gateway.
As a result of Gateway's decision, approximately 2,500 retail positions
will be eliminated during the month of April as store operations wind down.
Gateway will provide more detail on its brand and channel strategies, as
well as any revenue and cost implications of closing the stores, when it
announces its first quarter financial results April 29.
About Gateway
Since its founding in 1985, Gateway (NYSE: GTW) has been a technology and
direct-marketing pioneer, using its call centers, web site and retail network
to build direct customer relationships. As a branded integrator of
personalized technology solutions, Gateway offers consumers, businesses and
schools a wide range of thin TVs, digital cameras, connected DVD players,
enterprise systems and other products, which work together seamlessly with its
award-winning line of PCs. Its products and services received nearly 130
awards and honors last year. With its acquisition of eMachines now complete,
Gateway is the third largest PC company in the U.S. and among the top ten
worldwide. Visit http://www.gateway.com for more information.
Special Note
This press release contains forward-looking statements that involve risks
and uncertainties, as well as assumptions that, if they do not materialize or
prove incorrect, could cause Gateway's results to differ materially from those
expressed or implied by such forward-looking statements. All statements,
other than statements of historical fact, are statements that could be
forward-looking statements, including any statements of plans, strategies and
objectives of management for future operations. The risks that contribute to
the uncertain nature of these statements include, among others, the risk that
the Gateway and eMachines, Inc. businesses will not be integrated successfully
to achieve the expected results; disruption from the integration with
eMachines that could adversely impact relationships with customers, suppliers
and employees; the impact of employee reductions and management changes and
additions; and other risks described from time to time in Gateway's Securities
and Exchange Commission periodic reports and filings. Gateway assumes no
obligation to update any forward-looking statements to reflect events that
occur or circumstances that exist after the date on which they were made.
SOURCE Gateway, Inc.
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Related links:
http://www.gateway.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20020930/LAM050LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/144245.html
CONTACT:
Brad Williams of Gateway, Inc.,
+1-858-848-2511, brad.williams@gateway.com
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