The third quarter was the first in several years in which the Irvine, Calif.-based company showed a profit.
For the turnaround, many credit Wayne R. Inouye, the former chief executive of eMachines Inc., who took the reins from Gateway founder Ted Waitt in March when Gateway bought eMachines. Inouye cut costs, outsourced manufacturing and service, developed sales relationships with major retailers and expanded Gateway's geographic reach.
The result is an expected annual profit for 2004, something Gateway hasn't had since 2000 -- when sales were $9.25 billion. This year, Gateway's sales are expected to be $4 billion to $4.25 billion.
Inouye declined to comment on whether Gateway could be a takeover target.
Needham & Co. analyst Charles Wolf doesn't buy the takeover talk, dubbing it ``a greater fool theory.'' He said Gateway is barely profitable and already has low-cost manufacturing.
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By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
