Gateway was sold in 2007 went for $710,000,000 to hardware juggernaut Acer.

Mister Waitt sold more than a billion dollars of stock in Gateway in 2002 and in 2007 a small segment of the business was sold for $90 million. Gateway manufactured low-cost desktop and laptop computers as well as monitors and servers and other such things that were famously and cutely shipped to consumers in cow-spotted boxes.ĪOL agreed to invest $800 million in Gateway in 1999 (Gateway bought back much or all of it’s stock in 2004) for $800,000,000. Mister Waitt, in case the name doesn’t ring a bell, earned his billion dollar-ish fortune in computer hardware He co-founded a company called Gateway in the mid-1980s that revolutionized and main-streamed the personal computer business. Such are the eye-popping and prolifically spendy real estate ways of the rich and/or famous, right? Our Fairy Godmother Above the Sunset Strip also snitched that Mister Waitt plans to tear the place apart and remake it more to his liking. A few clicks and clacks of the well-worn beads on Your Mama’s bejeweled abacus shows that young Miss Ellison hauled in a serious $7,250,000 profit in just over two years of ownership, not counting upkeep expenses, any improvements she may have made, and carrying costs. Property records do reflect a transfer of ownership but don’t as of this morning show a purchase price Your Mama heard word that it went for around $21 million. As it turns out, my pretty ponies, Miss Ellison may want to sell more than one of her three Bird Street aeries and, in fact, we learned from Our Fairy Godmother Above the Sunset Strip, she surreptitiously sold the former Esquire House property just last week in an off-market deal to a corporate entity that’s easily linked to philanthropic tech tycoon Ted Waitt.

Tycoon city new york 2013