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Acer acquires Gateway

Posted by Joshua Karp on Aug 27, 2007 3:09 pm 7 comments
Filed in Hardware, News

…and the crappy, low budget computer market just got a bit smaller. Taiwanese company Acer has just purchased Gateway computers for the bargain basement price of $710 million, picking up the old Packard Bell company in the process. This deal makes Acer the 3rd largest PC manufacturer in the world, behind Dell and HP. Gateway has fallen a long way since the mid 90’s, when it was hailed as one of Dell’s chief competitors, and a legitimate contender for the top spot in the low-end PC market. Alas, it wasn’t meant to be, as a series of terrible moves, including the acquisition of eMachines, and the move into the physical retail sector, (the one where you couldn’t buy a computer at the store!) has rendered the corporation lifeless and almost value-less. Let’s hope that Acer manages to resurrect the brand, perhaps turning it into an uber-high end boutique manufacturer. Ha! We can only dream, friends…

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7 comment(s) for this post.

  1. On Aug 27, 2007 @ 4:31 pm, Galvatron Said:

    Emachins suxored so bad. Acer mad OK machines my grip witha alos companys whas you could not slap AGP vido card in ther machins caus they only had pci slots. They even had a gatway sotre on the west side of town I walawys wonderd what happedn no I know. About all they are good for ois dummi terminals.

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  2. On Aug 27, 2007 @ 4:33 pm, Jeff B. Said:

    Seems like somebody got ripped off…

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  3. On Aug 27, 2007 @ 4:38 pm, Darren Said:

    What did he say?

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  4. On Aug 27, 2007 @ 5:19 pm, JJ Said:

    My old Gateway laptop was actually very good.
    eMachine was terrible, and a deadly move. Nonetheless, I’ve always been “happy” with Gateway laptops. :-/

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  5. On Aug 27, 2007 @ 5:40 pm, NuShrike Said:

    Somebody couldn’t afford to learn to type, nor something with predictive typing or spell checker? The result of American school systems? Typing on the Centro?

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  6. On Aug 27, 2007 @ 5:40 pm, mickeyp Said:

    Man I think Gal got started a little early today. He’s usually pretty bad but that was really incomprehensible.

    anyways, that price is soo low, man gateway could have been only a few years from shutting down for that price.

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  7. On Aug 27, 2007 @ 7:21 pm, RAS Said:

    What a spectacular fall from grace! 8 years ago Gateway’s stock traded at almost $84. Now they’re bought out for a generous 50% premium over the previous close and it’s only $1.90 per share.

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