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.
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
Senior Editor / News
Natalie Weinstein is a senior editor who works out of Austin, Texas. She spent a decade as a reporter and editor before joining the CNET News staff in 2000.