Gateway posts wider loss

Status
Not open for further replies.

Julio Franco

Posts: 9,099   +2,049
Staff member
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.
 
Status
Not open for further replies.
Back