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.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2001
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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.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2001
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