Gateway reports loss of $520 million in third quarter

Article Abstract:

In lieu of a sagging personal computer market, Gateway's third quarter sales dropped to $1.4 billion from $2.5 billion this time last year. The 4th-largest personal computer-maker lost $520 million, $1.61 a share. The closing of European and Asian operations produced a $571 million charged. Excluding the charge, the company lost $83 million, 17 cents a share. Even before the World Trade Center attacks shocked an already weak market, Gateway had already cut one-fourth of its work force and continuing with the restructuring.

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I.B.M. plans to expand an alliance in Germany

Article Abstract:

IBM and the German software giant SAP announced extensions of their previous partnerships to include cross-training of employees and cross licensing of products. The moves have been prompted by customer demands for greater integration of products between the two companies. The greatest benefit for IBM in the new agreement will be SAP's usage of IBM's WebSphere Internet software in its applications.

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Analysts debate whether Gateway's fall is a portent

Article Abstract:

The personal computer industry may see a fall in sales if Gateway's latest profit reports foretell the future. Gateway and other PC makers are feeling that their sales for the 2000 holiday season are going to fall although some investors and analysts think they may be overreacting.

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