Unhappy Gateway shareholders sue over Acer's buyout

At this point we didn't know anyone still had strong feelings for Gateway, but never discount the power of cash to get those hearts a-beating: unhappy with the $710M Acer's paying for the company, two different groups of Gateway shareholders have filed suit, alleging that company executives should have held out for more scratch. Acer was planning using the Gateway acquisition to greatly expand its US presence, so it should be interesting to see how both companies react to these lawsuits -- and how much those shareholders thought Gateway was actually worth.

[Fruition @ Sep 13th 2007 3:52AM]

Pfft what's $170M in the scheme of things, anyway?

[prouted @ Sep 13th 2007 4:28AM]

In the US, they sue for anything... seriously... Am I gonna get sued for this comment ? Anyone ?

[Bernhard @ Sep 13th 2007 4:53AM]

I am gonna sue you for copyright infringement and plagiarism of the content of your comments... Now if you please give me your Name, phone, address and credit card number....

[prouted @ Sep 13th 2007 5:30AM]

Fine ! My name is George Dush, 555-0666, The White House, and my credit card number is #### #### #### ####

[bronzey214 @ Sep 13th 2007 5:48AM]

Dudes... it's $710M, not $170M. You swapped your numbers.

[L. Cyphre @ Sep 13th 2007 6:23AM]

I thought that was a bit low... I still think Acer would be worth more.

[Thanol @ Sep 13th 2007 8:17AM]

Acer is worth more which is why they are BUYING Gateway, not the other way around.

[Jeff Simons @ Sep 13th 2007 9:22AM]

well actually they're right to do this in a way. Acer agreed to buy all stock for 1.90 when the stock was worth 1.30. When news of the buyout happened the stock shot up to about 1.85 and has been hovering between 1.80 and 1.90 since. this is where the grevience comes from. however suing is not the answer.

[Thanol @ Sep 13th 2007 11:10AM]

The stock only shot up because of the prospective buyout. If Acer pulls out, all those greedy stockholders will probably loose their paper gain, unless they bail out now.

[wesbenterprise @ Sep 13th 2007 11:23AM]

I remember when it hit 80. I didn't sell. I am stupid.

[Aaron Bindi @ Sep 14th 2007 9:05PM]

i kinda hope gateway falls. i've bought 4 computers from them and had no problems, but just recently my brand new laptop from them is screwing up and they won't help me, even though its under complete warranty

[Kenny Chan @ Sep 15th 2007 5:51PM]

Isn't Gateway affiliated with eMachines?.... Anyone?

[90civichb @ Oct 11th 2007 1:04PM]

Gateway bought out EMachines. So I guess Acer will own Gateway(US), Packard Bell(Europe), and EMachines(US)......

I wonder what this says for the future quality of gateway products? I've never owned anything acer. I do know that they are going to acquire (or have acquired?) packard bell, which sucked big time in the U.S. when they were sold here previously. Hopefully none of the Packard Bell BS will make it back to the U.S. market.