GTW Gateway

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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