March 18, 2003
Press Release: Gateway Unveils Growth and Cost Reduction Plans
My spin Well here's the full story...
News Clip: POWAY, Calif., March 17 /PRNewswire-FirstCall/ -- Gateway, Inc. today announced further details of its plan to reduce costs by more than $400 million annually, profitably grow its core PC business and diversify its revenue stream with higher-margin products and services. The company expects that these measures will enable it to return to a positive operating cash-flow position by year end and finish its fiscal year with more than $1 billion of cash and marketable securities.(full story)
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