eMachines founder jonesing for Gateway's retail biz
By Donald Melanson 
posted August 24th 2006 1:21PM
posted August 24th 2006 1:21PM
Just a couple of months after making an offer for Packard Bell's BV PC subsidiary, eMachines founder Lap Shun Hui has now set his sights on Gateway, the very same company he sold eMachines to for some $290 million all the way back in 2004. He doesn't want the whole company though, just its retail business (which includes eMachines), which he says would be more successful if it were separated from Gateway's other operations. So far, Hui has offered $450 million to take the business off Gateway's hands, but it doesn't look like he's gonna be quick to take no for an answer, even saying he'd consider acquiring all Gateway shares and splitting up the businesses himself if necessary. There doesn't appear to be any indication of Gateway's intent just yet, but its shareholders seem to have spoken, with Gateway's stock shooting up over 13 percent yesterday on the news.[Via Ars Technica]
FIRST COMMENT!!!
Bill just sell it!!! and use all your money to make a portable game device like the PSP
Make your device a Pocket PC with Vista Mobile, and a phone (cingular please), games, with a CF card slot capable of 8GB and a built in HDD with 80GB. Make it have bluetooth, WiFi (for xbox live) IR (so I can control my tv. Make it small enough that I can fit in my pocket, but with a screen resolution of at least 640X240, interchangeble skins...ALL THAT and a battery that will last atleast a day (optional solar panel that you can mount on your head, a hat if you will.
Or you can give it all to your charities. Donate proceeds to the T0e TAGG3R & Bill Gates Foundation.
bill gates? what are you talking about?
Bill Gates does not own Gateway.
I am not so sure this would be a good idea. I sold emachines when they first came out and almost anyone would agree that they were horrid. They sold since they were one of the first low-priced units on the market, starting the trend really. When Gateway aquired them, the quality seems to go up a little, at least they finally had a US warranty. Not saying that this is Hui's fault, but he was in charge at the time....
I said Don't sell it! if the buyer, in this case "Lap Kung Fu Manchu Hui" up there then no. **IF** the buyer is an American then yes. We don't need more Chinese, Koreans and/or Japanese individuals and companies taking over our I.T. industries and companies regardless of the quality of the goods they distribute in the past. This is the land of the free NOT the land of come-on-and-take-it.