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On September 5, 1985, Waitt, his brother Norm Jr., and Mike Hammond started Gateway 2000 with a $10,000 loan secured by Waitt's grandmother. The company began on Waitt's father's cattle ranch in Sioux City, Iowa, moved to Sergeant Bluff, Iowa and later to North Sioux City, South Dakota, where they continued to develop their "down-home" branding ...
Gateway, Inc., previously Gateway 2000, Inc., was an American computer company originally based in Iowa and South Dakota.Founded by Ted Waitt and Mike Hammond in 1985, the company developed, manufactured, supported, and marketed a wide range of personal computers, computer monitors, servers, and computer accessories.
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Aug 7, 2019 · August 7, 2019, 12:28pm. Snap. Ted Waitt, CEO of Gateway Computers sits with a cow outside of the Gateway country store October 24, 2001 in New York. Waitt was at the store to celebrate the retail ...
- Ernie Smith
1986: Company is incorporated as Gateway 2000, Inc. 1987: Gateway begins selling IBM-compatible computer systems, priced lower than competitors. 1990: Gateway relocates to North Sioux City, South Dakota; revenues quadruple that year, reaching $275 million. 1992: Company releases its first notebook computer; revenues reach $1.1 billion.
May 18, 2018 · The company also does business in Japan via resellers. Locating the company in these places has enabled Waitt to offer good work for slightly lower wages and overhead, increasing the company's profits. By 1991, Waitt's brother, Norman, had left the business, though he still retained his significant holdings in Gateway stock.
Apr 30, 2001 · Over the years Waitt fought to maintain the company's farmland roots. He kept headquarters in South Dakota and built a famously easygoing culture. Rock music blared on the manufacturing floor.
Dec 8, 1999 · Waitt will remain chairman of the company he founded in South Dakota in 1985. But effective Jan. 1, Gateway President Jeff Weitzen will add the CEO role to his responsibilities.
