Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 05 September 2007 10:28

Gateway sells its professional business segment

Written by Nermin Hajdarbegovic

Image

To MPC Corporation, for $90 million

 

Gateway has signed a definitive agreement to sell its Professional business segment to MPC Corporation. The transaction is valued at approximately $90 million.

Earlier this year, Gateway embraced a consumer focused strategy. It aims to simplify its business model by and put more emphasis on the consumer business.

MPC is to assume ownership of Gateways Nashville based final assembly facility (GCC). It will also get a portion of Gateway's Consumer Direct unit  that targets businesses with less than 100 employees.

A significant part of Gateway Professional employees will join MPC and continue to work out of North Sioux City.

MPC will also assume responibility forr all operations and warrany support concernig Gateway's Professional business, valued at $60 million.

Gateway will invest around $10 million in MPC in the form of a note issuance tied to excess inventory at the GCC. The company will thus recieve a 19.9% stake in MPC Corporation and will also take an impairment charge of $16 million related to IT assets associated with its Professional business.

Last modified on Wednesday, 05 September 2007 11:16

Nermin Hajdarbegovic

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments