Waitt seemed to sympathize with fellow shareholders about a decline in the stock's value.
It remains to be seen whether Waitt has the goods to pull off a recovery.
The company relocated its executives and managers to San Diego, where Waitt lives with his family.
Gateway grew to be a multibillion-dollar business and Ted Waitt, a billionaire (at least for a time).
When some old friends from Sioux City couldn't land a record deal, Waitt offered to finance a CD.
Now it's Waitt's responsibility to grow sales in an increasingly challenging PC market.
Cool things lie at the core of Norm Waitt's film and music ventures.
After Hollywood rejected a screenplay written by his martial arts instructor, Waitt formed a production company to get it filmed.
But there won't be much time to smell the flowers if Waitt is going to keep his promise to revive Gateway.
Norman Waitt Jr. has just spent the night together with Mick Jagger, and the morning after he is still gushing about it.
Waitt staffed his company with family and friends from Sioux City.
Ted Waitt had the idea of selling personal computers by mail.
Visiting the set of Elysian Fields, the Mick Jagger movie, Waitt stares dreamily as the Rolling Stone and actress Angelica Huston embrace passionately for the camera.
Ted Waitt, the billionaire co-founder of Gateway, is helping to collect genetic samples from 100, 000 people to learn more about the last 150, 000 years of human history.
The litany of alleged abuse brought no corroborators out of the wings, even though the bullied big shots--HP's Carleton Fiorina, Compaq's Capellas and Gateway's Theodore Waitt--have little to lose from snitching.
Backed by financial partners who include Gateway's Theodore Waitt, he recently ponied up an undisclosed amount for the near-defunct Pony sneaker brand, with the intention of having his hip clients appear in the shoes.
Waitt, who sports casual clothes and shaggy strawberry-blond hair, is one of myriad monied outsiders buying their way into show business, including Marshall Field heir Frederick (Ted) Field and Federal Express founder Frederick Smith.
Ted Waitt, the billionaire co-founder of Gateway (nyse: GTW - news - people ), is helping to collect genetic samples from 100, 000 people to learn more about the last 150, 000 years of human history.
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