Gateway posts wider loss

By on
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=]CNet News[/URL].

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.