Ted Waitt
Ted Waitt
Theodore W. "Ted" Waittis an American billionaire businessman and philanthropist. Waitt is a co-founder of Gateway, Inc....
financial forgo growth necessary profits regain resources
We have the liquidity and financial resources necessary to forgo short-term profits to regain long-term growth and sustainable profitability,
progress time
We've made a lot of progress in 2001 and now it's time to grow,
beyond box business successful
We have to have a successful box business if we are going to go beyond the box.
lines
We're really just formalizing, internally and externally, these lines of business,
forward good job market move older packing pcs problem
The problem is no one has done a good job packing it, of integrating older PCs and newer appliances, ... We're going to see a lot of new things in the market as we move forward through 1999.
aggressive company industry leader plan points steps
We plan to take aggressive steps to reorganize our company and be an industry leader as we've done at so many other points in our history,
billion cash company customer execute exit growing intensely plan satisfied strategy year
We plan to consistently execute this strategy through 2002 and exit the year as a robust, growing company with more than $1 billion in cash and an intensely satisfied customer base.
digital enjoy gateway music supports
Gateway supports your right to enjoy digital music legally.
consumer desktop earned gateway grows innovative market position service technology
Gateway has earned the number-one position in the consumer desktop market through innovative service offerings, and through affordable, personalized technology that grows with the user,
looking
clearly, we were looking to do better than that.
board decisions serious strategic strategy time
By the time we get to the strategy area, (the board members) are exhausted. And we need serious strategic decisions right now.
both decision focus healthier negatively performance profitable quarter returns revenue strategic strategy yield
While our revenue performance in the quarter was negatively impacted by our own strategic decision to focus on more profitable revenue streams going forward, this is a strategy that should yield healthier shareholder returns both now and in the future.
aggressive clear demand driven fourth largely low market pc portion pricing
It's clear that a significant portion of market demand was at the very low end of the PC market in the fourth quarter, driven largely by aggressive pricing and promotions.
business direct expansion natural step
It's a natural step in the expansion of our direct business model.