Thursday, May 19, 2005

WSJ.com - Gateway's Waitt Is Leaving Board To 'Start Things'

WSJ.com - Gateway's Waitt Is Leaving Board To 'Start Things': "Ted Waitt, who co-founded personal-computer marketer Gateway Inc. in an Iowa farmhouse 20 years ago and oversaw its rise to become the third-largest U.S. PC company by sales, is resigning as chairman and a director.
Mr. Waitt, 42 years old, said he plans to leave the board today following the company's annual stockholders' meeting. He remains Gateway's largest individual investor.
In a telephone interview, Mr. Waitt said he plans to spend more time on investments, especially in the areas of nanotechnology and biotechnology, and on the Waitt Family Foundation, which he and wife, Joan, started 12 years ago."
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