Gateway Files Resale Registration Statement Relating to Its Senior Convertible Notes
March 25 2005 - 6:30AM
PR Newswire (US)
Gateway Files Resale Registration Statement Relating to Its Senior
Convertible Notes IRVINE, Calif., March 25 /PRNewswire-FirstCall/
-- Gateway, Inc. (NYSE:GTW) today announced the filing with the
Securities and Exchange Commission of a resale registration
statement on Form S-3 relating to $150 million of its 1.50% Senior
Convertible Notes due 2009 and $150 million of its 2.00% Senior
Convertible Notes due 2011 and the shares of Gateway common stock,
par value $0.01 per share, issuable upon conversion of the notes.
Gateway received approximately $291 million in proceeds from the
initial sale of the notes, but will not receive any proceeds from
the resale of the securities under the registration statement.
Sales of notes can only be made by means of a prospectus, copies of
which may be obtained from Gateway's Corporate Secretary at 7565
Irvine Center Drive, Irvine, CA 92618. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020930/LAM050LOGO) The
registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale
of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state. Special
note This press release may contain forward-looking statements that
involve risks and uncertainties, as well as assumptions that, if
they do not materialize or prove incorrect, could cause Gateway's
results to differ materially from those expressed or implied by
such forward-looking statements. All statements, other than
statements of historical fact, are statements that could be
forward-looking statements, including any projections or
preliminary estimates of earnings, revenues, or other financial
items; any statements of plans, strategies and objectives of
management for future operations; any statements regarding proposed
new products, services or developments; any statements regarding
future economic conditions or performance; statements of belief and
any statement of assumptions underlying any of the foregoing. The
risks that contribute to the uncertain nature of these statements
include, among others, risks related to shifting our distribution
model to third-party retail; competitive factors and pricing
pressures, including the impact of aggressive pricing cuts by
larger competitors; general conditions in the personal computing
industry, including changes in overall demand and average selling
prices, shifts from desktops to mobile computing products and
information appliances and the impact of new microprocessors and
operating software; the ability to simplify the company's business,
change its distribution model and restructure its operations and
cost structure; component supply shortages; the effects of seasonal
changes in demand; short product cycles; the ability to access new
technology; infrastructure requirements; risks of international
business; foreign currency fluctuations; risks relating to new or
acquired businesses, joint ventures and strategic alliances; risks
related to financing customer orders; changes in accounting rules;
the impact of litigation and government regulation generally;
inventory risks due to shifts in market demand; the impact of
employee reductions and management changes and additions; and
general economic conditions, and other risks described from time to
time in Gateway's Securities and Exchange Commission periodic
reports and filings. Gateway assumes no obligation to update any
forward-looking statements to reflect events that occur or
circumstances that exist after the date on which they were made.
http://www.newscom.com/cgi-bin/prnh/20020930/LAM050LOGO
http://photoarchive.ap.org/ DATASOURCE: Gateway, Inc. CONTACT:
Media, John Spelich, +1-949-471-7710, , or David Hallisey,
+1-949-471-7703, , or Investors, Marlys Johnson, +1-605-232-2709, ,
all of Gateway, Inc. Company News On-Call:
http://www.prnewswire.com/comp/144245.html
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