Ted Waitt
Ted Waitt
Theodore W. "Ted" Waittis an American billionaire businessman and philanthropist. Waitt is a co-founder of Gateway, Inc....
costs fall forecasts internal margins overly percentage sales short
Basically, our internal forecasts were overly aggressive, ... When you fall short of your internal forecast, two things happen: costs go up as a percentage of sales and margins go down.
analyst company currently cut fact focus gateway given good increasing leaving news rating time
Given the fact that not one analyst currently has a 'buy' rating on Gateway stock, I think Mr. Inouye leaving Gateway is good news for shareholders. The company has successfully cut costs, but now it's time for them to focus on increasing shareholder value.
progress time
We've made a lot of progress in 2001 and now it's time to grow,
beyond box business successful
We have to have a successful box business if we are going to go beyond the box.
lines
We're really just formalizing, internally and externally, these lines of business,
both ceo gateway job last next playing preparing roles year
Jeff's appointment to CEO is both a formalization of the roles we've essentially been playing for the last year and a recognition of the outstanding job he's done preparing Gateway for the next century.
financial forgo growth necessary profits regain resources
We have the liquidity and financial resources necessary to forgo short-term profits to regain long-term growth and sustainable profitability,
aggressive company industry leader plan points steps
We plan to take aggressive steps to reorganize our company and be an industry leader as we've done at so many other points in our history,
billion cash company customer execute exit growing intensely plan satisfied strategy year
We plan to consistently execute this strategy through 2002 and exit the year as a robust, growing company with more than $1 billion in cash and an intensely satisfied customer base.
beyond continue executing focus income moving paid quarter record strategy
We continue to focus like a laser on executing our strategy of moving beyond the box, and it paid off with a record quarter in what's typically the industry's slowest period. Non-PC income is now well over 10 percent, which is where we said we'd be by year-end.
basis business continue expect growth half operating planned return second unit
We expect to continue operating the business on a break-even basis through the first half of the year, with a planned return to profitability and unit growth on a year-over-year basis during the second half.
good moving position
We feel good about our position and we're moving forward.
forward good job market move older packing pcs problem
The problem is no one has done a good job packing it, of integrating older PCs and newer appliances, ... We're going to see a lot of new things in the market as we move forward through 1999.
branded experience
At that point, it's a branded experience that's customized for the customer,