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From everything I was told, they will be opening new stores. The GM told me that the company spread it self too thin and thats what caused the staff cuts and the like. They got back to profitability and are now looking to expand again, this time a tad bit more controlled so that the same doesnt happen again.
 
Originally posted by: AngryPirate
On the contrary, Gateway has zero debt and $2 billion in liquid assets. They are going to start opening stores like wildfire
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That doesn't change the fact that they are losing money at an alarming rate. They have now tried strategies ranging from extensive advertising to an all-out price war - it looks like opening stores is their last-ditch effort to return to profitability.

I don't want to ruin it for you - they'll give you the company line that things are fine, but there's a reason why there's not much optimism in the stock on Wall Street. Just advising you to keep your options open.
 
Last time I heard they were closing stores also. Either way, I don't think flooding the market with stores is a great idea with computer prices being so low.
 
Originally posted by: AngryPirate
Originally posted by: dakata24
is this the one in pleasanton? my friend worked there during the christmas season.. it wasnt very busy from what i heard.. could have been the fact that a Compusa was in the same shopping area..
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No I will be in the store in Stockton, CA.
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over 70k/year in Stockton... isn't that like making 150k in SF? (i know i may be exaggerating a little)

 
Originally posted by: huey1124
Originally posted by: AngryPirate
Originally posted by: dakata24
is this the one in pleasanton? my friend worked there during the christmas season.. it wasnt very busy from what i heard.. could have been the fact that a Compusa was in the same shopping area..
Click to expand...

No I will be in the store in Stockton, CA.
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over 70k/year in Stockton... isn't that like making 150k in SF? (i know i may be exaggerating a little)
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Making 70/k year in stockton, living in Livermore, CA though. Still pretty good coin for a student.
 
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