Exec shuffle may not prevent Gateway crash

Article Abstract:

Struggling PC maker Gateway Computer Systems has reappointed Chmn Ted Waitt as CEO, succeeding Jeffrey Weitzen, who some say was forced to resign from the company. However, some analysts say Waitt's comeback may not be enought to solve Gateway's problems. Gateway also announced that six other top executives, including CFO John Todd, would also be leaving the company. Todd would be replaced by Joe Burke, a former executive at Blockbuster Entertainment and PricewaterhouseCoopers.

---

Struggling Gateway's recovery lies in Waitt

Article Abstract:

Gateway founder Ted Waitt is being hailed as the only person that could save the struggling PC maker, which lost $128 million in 4th qtr 2000, and would not turn a profit until 2002. Company employees believe that Waitt will lead to a turnaround at Gateway, comparing his return to that of Steve Jobs, who resurrected Apple. After dropping out of college, Waitt founded Gateway in a farmhouse owned by his father, with a loan of $10,000.

---

Similar abstracts:

• Abstracts: Soaring dollar reverses auto tide: Dealers warned not to resell US cars. Ford dealers' ire rose last year: poll
• Abstracts: Luby's proxy fight illustrates investors' readiness to act. The battle for a piece of Eskimo Pie. Shareholder wants to oust Tyson Foods' board
• Abstracts: News Corp., Yahoo rumors bring mixed market reactions. Hackers stage attack, shut down Yahoo site. Yahoo stock drops despite strong profit
• Abstracts: Pepsi revives challenge to Coke in taste battle. Cola ads will make way for the Dew at the Bowl. Coke puts its message in a bottle
• Abstracts: Advertising executive relishes role as agent of change. Reality bites into advertising market. Feel-good ads top picks for international awards

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.