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    Friday, May 20, 2005

    Waitt Retires From Gateway


    Ted Waitt, founder of Irvine-based Gateway Computer, has retired from the company's board of directors. Waitt, who founded Gateway twenty years ago. Waitt said he was retiring to focus on a number of business and philanthropic interests. Waitt is involved with his own private investment company, Avalon Capital Group, managing more than a billion dollars; a construction finance company in the Midwest; chairing The Waitt Family Foundation; and three non-profit institutes. Waitt founded Gateway as a mail order retailer from a farm in South Dakota, and made Gateway famous for its cow-patterned boxes. Gateway moved to San Diego in 1998, and merged in March 2004 with Irvine-based eMachines. Since then, the company been headed by Wayne Inouye of eMachines and has been driven by the former eMachines executive team.
    posted on Friday, May 20, 2005

    Related stories:
    > Gateway to Buy eMachines for $234M
    > Gateway Appoints Board Member
    > Gateway CEO Resigns
    > Acer Buys Gateway Computer
    > Gateway Pays HP $47M For Licensing infringements

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