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Gateway blames Intel for red ink

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Gateway blames Intel for red ink

Gateway executives say Intel bears some responsibility for the PC maker’s poor financial performance.

As they announced earlier this week that fourth-quarter earnings would fail to meet expectations, Gateway officials dropped strong hints that the company would be seeking an alternative chip supplier.

The PC company’s financial downturn was due in large part to it’s inability to obtain needed processors and motherboards, the officials said, costing the company up to $250 million.

“It’s an understatement. . .that we’re all intensely frustrated by the supply situation we found ourselves put in,” said Jeff Weitzen, Gateway’s president and CEO. “We are not about to stand by and let the actions of others dictate what products Gateway customers can buy.”

The full story is posted at www.zdnn.com.

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