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GATEWAY 2000's FIRST-QUARTER REVENUE EXCEEDS $236 MILLION; EARNINGS UP 120.5 PERCENT FROM FIRST QUARTER 1991

 GATEWAY 2000's FIRST-QUARTER REVENUE EXCEEDS $236 MILLION;
 EARNINGS UP 120.5 PERCENT FROM FIRST QUARTER 1991
 NORTH SIOUX CITY, S.D., May 19 /PRNewswire/ -- Gateway 2000, a leading direct marketer and manufacturer of IBM-compatible personal computers, generated $236.9 million in revenue in first quarter ending March 31, company officials said today. This represents a 14.7 percent increase from the $206.5 million registered in fourth quarter 1991, and a 98.1 percent increase from the $119.6 million registered in the same quarter last year. In addition, pre-tax earnings for the privately-held company were up 120.5 percent from first quarter 1991.
 "Each quarter our sales have exceeded the previous quarter," said Gateway 2000 President Ted Waitt. "We attribute this success to our commitment to constantly improving the support and value we provide to our customers. By continuing to doing this, we believe we can reach our 1992 projected goal of more than $1 billion in sales."
 Tremendous Growth
 Each year, Gateway 2000 sales have grown dramatically, from $1.5 million in 1987, to $11.8 million in 1988, to $70.6 million in 1989, to $275.5 million in 1990 and finally, to $626.8 million in 1991. The company recently shipped its 500,000 PC.
 About Gateway 2000
 Named the fastest-growing private firm in America by Inc. magazine, Gateway 2000 currently sells more IBM-compatible personal computers through the direct market channel in this country than any other PC manufacturer. The company's 1991 sales exceeded $626 million, more than doubling 1990's $275 million figure.
 Founded in 1985, Gateway 2000 is located in North Sioux City, S.D., and currently employs nearly 1,400.
 -0- 5/19/92
 /CONTACT: Glynis Gibson of Gibson Communications, 312-883-2388, for Gateway 2000/ CO: Gateway 2000 ST: South Dakota IN: CPR SU: ERN


TQ -- NY023 -- 1691 05/19/92 09:46 EDT
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Publication:PR Newswire
Date:May 19, 1992
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