Sun, Feb 01, 2004 - Page 11 News List

Gateway to buy eMachines for US$30 million in cash

NY TIMES NEWS SERVICE , NEW YORK

Kay said Gateway should benefit from eMachines' successful business model and its management strategies while creating a company of a size sufficient to compete with the PC giants. The merger, he said, was representative of overall changes in the PC market.

"We're in the early-middle age of maturity of the PC market," he said. "At this point, it's going to be a matter of who is the last man standing -- so bulk counts."

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