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Acer to Acquire Gateway for $710 million

Posted by ScuttleMonkey on from the bargain-shopping dept.

downix writes "On the way into work today, I heard about Acer buying Gateway. A bold move strategically, I wonder what consequences this will have for Gateway's employees and customers. As the purchase price was at $1.90 per share, those of us that purchased Gateway shares a few years ago are reminded just how far it has fallen."

2 of 222 comments (clear)

  1. Re:Customers? by Colin+Smith · · Score: 5, Insightful

    Remove the cheapest competitors from the market and the average profit per unit increases.

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  2. Re:Customers? by AndyChrist · · Score: 5, Insightful

    Things went to shit WAY earlier than that.

    As early as 1997, they were known by computer support at my university as "Rapeway."

    They had built a reputation for quality and service, but then decided to abandon both and ride that reputation into the ground, selling inferior, unreliable hardware at the prices their name commanded them before their fall.

    Packard Bell did this, albeit with a stolen pseudo-reputation (along the lines of Rockwood or Kenford). Compaq did it. HP seems to be in the process of doing it, and Dell is flirting with it. The Big Three US automakers did it. It's a decades-long, proud tradition of failure.