Gateway bombs during Holidays, plans restructuring
WinInfo | at | by Mike
With another disappointing holiday season behind it, PC maker Gateway announced this week that it will perform a second major corporate restructuring in as many years and continue its attempts to return the company to profitability. Gateway co-founder Ted Waitt, who reassumed the CEO title again when the company began floundering two years ago, had originally scheduled this past holiday season as the turnaround point for the PC maker. And though sales did improve somewhat when compared with the previous year, net income nosedived yet again.