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Gateway posts wider loss

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On January 29, 2004, 5:57 PM

Gateway posted a wider fourth-quarter loss, due partly to a shortage of its Media Center PCs and fierce price competition among rivals.

The company on Thursday reported a loss of $114 million, or 35 cents a share, for the quarter ended Dec. 31. That was in line with its warning earlier this month. Last year, the company reported a loss of $72 million, or 22 cents a share.

Read more: [URL=http://news.com.com/2100-1047_3-5150369.html]CNet News[/URL].

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