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Gateway denies talks with Acer21 Mar 2007 11:03 Cows not going to marketTawain's Acer is not in talks to acquire Gateway, the California-based computer maker said yesterday. Shares in Gateway surged by up to eight per cent over the past few days as analysts speculated over comments made by Acer's chief executive, JT Wang, who said the company was looking at a possible PC industry acquisition. Analysts at ThinkEquity had concluded that Gateway was the likely target. But in an official statement, Gateway spokesperson David Hallisey, said: "While it is company policy not to comment on rumour and speculation, in light of continued reports surrounding Acer's plans for an acquisition in 2007, I can confirm that Gateway is not in negotiations with Acer. "Instead, we remain focused on the business at hand and continuing to deliver high-quality products and superior service and support to our customers worldwide." Gateway shares are currently trading at $2.38 on the New York Stock Exchange. ®
Track this type of story as a custom Atom/RSS feed or by email. Related storiesAcer outlook not so sunny after all (14 June 2007)
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Breaking Hardware News
Nvidia issued some somber news for shareholders today, revealing a financial forecast cut short due to slowing sales, a delayed ramp for new product, and a hefty payout due to faulty laptop chips.
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