GTW Gateway

Gateway Chairman Adopts 10b5-1 Trading Plan IRVINE, Calif., Feb. 2 /PRNewswire-FirstCall/ -- Gateway, Inc. (NYSE:GTW) announced today that its Chairman, Ted Waitt, has adopted a pre-arranged stock trading plan to sell a portion of his company stock over time as part of his individual long-term strategy for asset diversification. (Logo: http://www.newscom.com/cgi-bin/prnh/20020930/LAM050LOGO ) The stock trading plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934 and Gateway Inc.'s policies regarding stock transactions. Once established, the insider retains no discretion over purchases and sales under a Rule 10b5-1 plan. The pre-arranged trades may then be executed through a broker at later dates without regard to any subsequent material non-public information that the insider may receive. "While I still believe that stock ownership is an important way to maintain a personal stake in the company, this is a personal financial matter that allows me to diversify some of my financial interests after a long time out of the marketplace," said Mr. Waitt. By using these plans, insiders can gradually diversify their investment portfolios, spread stock trades out over an extended period of time to reduce market impact and avoid concerns about potentially having material, non-public information when they sold their stock. The transactions under these plans will be subject to Rule 144 volume limitations and be disclosed publicly through filings with the Securities and Exchange Commission. Under his Rule 10b5-1 plan, Mr. Waitt may sell up to approximately 21 million shares over a period of approximately one year. If Mr. Waitt completes all the planned sales of shares under his Rule 10b5-1 Plan, he will continue to be Gateway's largest shareholder and own approximately 82 million shares representing, based on the current number of outstanding shares, approximately 22 percent of Gateway, Inc.'s outstanding stock. About Gateway Since its founding in 1985, Irvine, Calif.-based Gateway (NYSE:GTW) has been a technology pioneer, offering award-winning PCs and related products to consumers, businesses, government agencies and schools. After acquiring eMachines in early 2004, Gateway is now the third largest PC company in the U.S. and among the top ten worldwide. The company's value-based eMachines brand is sold exclusively by leading retailers worldwide, while the premium Gateway line is available at major retailers, over the web and phone, and through its direct and indirect sales force. See http://www.gateway.com/ for more information. http://www.newscom.com/cgi-bin/prnh/20020930/LAM050LOGO http://photoarchive.ap.org/ DATASOURCE: Gateway, Inc. CONTACT: Media, David Hallisey, +1-949-471-7703, , or Investors, Marlys Johnson, +1-605-232-2709, , both of Gateway, Inc. Web site: http://www.gateway.com/

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