Gateway claws back market share

Gateway lost a heap of money in Q1 and US shipments were down 30 per cent from the same period last year to 645,000 units. But the PC maker finds some things to cheer about a quarter which saw it make a net loss of $123m from sales of $992m.

First up, the net loss was $61m, once you strip out the special charges; second, the company set in train efficiencies expected to save it $100m a year. And it ended the quarter with $1.2bn cash and marketable securities, which is a nice security blanket.

What else? It had a very nice winter Olympics, with its 5,300 PCs and servers performing 'flawlessly' during the event. Oh, and it got some editor awards.

Full story at The Register USA