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Technology Stocks : Dell Technologies Inc.

DELL 129.24

+0.7%

Dec 26 9:30 AM EST

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To: stock bull who wrote (173849)	1/30/2004 9:01:16 AM
From: William F. Wager, Jr.	Read Replies (1) of 176387

Gateway to Buy EMachines for $235 Million Friday January 30, 8:27 am ET NEW YORK (Reuters) - Gateway Inc. (NYSE:GTW - News), the struggling personal computer maker that is trying to remake itself into a consumer electronics retailer, on Friday said it would buy eMachines Inc. for about $235 million to add low-price PCs to its lineup. Gateway, which late on Thursday reported the latest in a string of quarterly losses, said it would buy privately held eMachines for 50 million Gateway shares plus $30 million in cash. Based on Gateway's closing stock price on Thursday of $4.09, the stock portion would be valued at about $205 million.

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