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Gateway, Inc.

Gateway, Inc
Company nameGateway Computer.
Company typeSubsidiary of Acer
IndustryComputer hardware
FoundedSeptember 5, 1985 (as Gateway 2000) (Sioux City, Iowa)
HeadquartersIrvine, California, USA
Key peopleJames Edward Coleman, CEO
Rick Snyder, Chairman and Co-Founder
Ted Waitt, Co-Founder
Mike Hammond, Co-Founder
ProductsDesktops, Laptops, Servers, Monitors.
Revenue(+) US$3.980 billion
ParentAcer Inc.

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Gateway Computer Corporation, is a computer hardware company headquartered in Irvine, California, USA 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. Gateway was acquired by Acer Inc. in 2007.

On September 4, 2007 Gateway announced that it had signed a definitive agreement to sell its professional business segment to MPC Corporation. This includes the company's Nashville-based configuration center. MPC subsequently ceased its services and filed for bankruptcy protection in early 2009, leaving Gateway business customers stranded without access to support or warranty services. This incident has caused substantial damage to the Gateway brand.

On October 16, 2007, Acer Inc. completed its acquisition of Gateway for approximately US$710 million. Its final share price of US$1.90 was far below the US$4.00 average price in the mid 1990s and drastically below a high of US$84 in late 1999. The US$1.90 per share was just barely over half of the split-adjusted IPO price of US$3.75 in 1993.


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