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Gateway shares plunge

Shares in PC maker Gateway slid 18 percent Friday, one day after the company reported sharply lower sales and announced more layoffs and store closures. Gateway?s stock closed down $1.14 to $5.22, on a volume of 14.4 million shares--more than five times its average daily volume. The stock is near its 52-week low of $4.24.

Natalie Weinstein Former Senior Editor / News
I spent a decade as a reporter and editor before joining the CNET News staff as a copy editor in 2000, right before the dot-com bust.
Expertise Copy editing. Curating, editing and reading newsletters of all stripes. Playing any word-related game, specifically Scrabble, Wordle and Boggle. Credentials
  • I've been a journalist for more than three decades. I was a finalist in the 2021 Digiday Media Award for Best Newsletter.
Natalie Weinstein
Shares in PC maker Gateway slid 18 percent Friday, one day after the company sharply lower sales and announced more layoffs and store closures. Gateway?s stock closed down $1.14 to $5.22, on a volume of 14.4 million shares--more than five times its average daily volume. The stock is near its 52-week low of $4.24.