SEC Declares Gateway Registration Statement Effective
June 17 2005 - 8:13PM
PR Newswire (US)
SEC Declares Gateway Registration Statement Effective IRVINE,
Calif., June 17 /PRNewswire-FirstCall/ -- Gateway, Inc. (NYSE:GTW)
today announced that the Securities and Exchange Commission
declared effective the previously filed resale registration
statement on Form S-3 relating to $150 million aggregate principal
amount of its 1.50% Senior Convertible Notes due 2009, $150 million
aggregate principal amount of its 2.00% Senior Convertible Notes
due 2011 and shares of Gateway common stock, par value $0.01 per
share, issuable upon conversion of the notes. The selling holders
may use the prospectus relating to the registration statement from
time to time to resell the securities covered by the registration
statement. Gateway will not receive any of the proceeds from the
resale of the securities. 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. About Gateway Since its founding in 1985, Irvine,
Calif.-based Gateway (NYSE:GTW) has been offering award-winning PCs
and related products to consumers, businesses, government agencies
and schools with highest quality and service and best overall
value. 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. Special note This
press release contains 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; the extent of seasonal changes in demand; 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; 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. 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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