Gateway posts wider loss

By Julio Franco
Jan 29, 2004
  1. 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: CNet News.
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