Gateway reports loss of $520 million in third quarter

Article Abstract:

In lieu of a sagging personal computer market, Gateway's third quarter sales dropped to $1.4 billion from $2.5 billion this time last year. The 4th-largest personal computer-maker lost $520 million, $1.61 a share. The closing of European and Asian operations produced a $571 million charged. Excluding the charge, the company lost $83 million, 17 cents a share. Even before the World Trade Center attacks shocked an already weak market, Gateway had already cut one-fourth of its work force and continuing with the restructuring.

Analog & Hybrid Computers, Sales, profits & dividends, Management, Economic aspects, Microcomputers, Finance, Company sales and earnings, Gateway Inc., GATE, Company earnings/profit, World Trade Center and Pentagon Attacks, 2001, Waitt, Theodore W.

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I.B.M. plans to expand an alliance in Germany

Article Abstract:

IBM and the German software giant SAP announced extensions of their previous partnerships to include cross-training of employees and cross licensing of products. The moves have been prompted by customer demands for greater integration of products between the two companies. The greatest benefit for IBM in the new agreement will be SAP's usage of IBM's WebSphere Internet software in its applications.

Prepackaged software, Computer Software, Software Publishers, Germany, Computer software industry, Software industry, Software, Joint ventures, International Business Machines Corp., IBM, SAP AG, SAP

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