NEWS
Acer's Gateway To Europe
Forbes, NY - Oct 9, 2007
Acer-owned Gateway announced that it had made a "binding offer" to acquire Californian businessman John Hui's 75% controlling stake in Packard Bell, more...
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NEC considers selling a stake in its Packard Bell BV unit
WSJ - Jun 22, 2006
NEC Corp. said it is considering selling a
stake in its Packard Bell BV unit, based in the Netherlands,
in what may lead to a withdrawal by the Japanese electronics
giant from the home-use personal-computer business in Europe.
An NEC spokesman said there has been an offer... more...
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Why
the eMachines Model Is Paying Off
eWeek - Apr 18, 2004
In 1998, when the "smart" money was being
placed on Internet startups, eMachines Inc. was founded with
the noble, if not tired, mission to build quality, inexpensive
PCs for consumers. It was an idea straight out of a 1992
time capsule. And like many PC makers in 1992, eMachines
found itself on life support after only two short years.
In 2001, desperate to keep his ship afloat, company founder
John Hui bought the publicly traded company back for about
$1 a share and set it on an intensely focused course of customer
focus and low overhead.
more...
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A $72.5 million thank-you
Orange County Register - Apr 15, 2004
Orange County entrepreneur John Hui is the
type of boss who demands a lot from his employees. His high
expectations and their long hours helped turn around Irvine
computer seller eMachines. Hui also gives a lot. When he
sold the company last month for nearly twice what he paid
for it just three years ago, Hui rewarded employees by giving
them $72.5 million - the lion's share of his profit on the
deal.
more...
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Employees get bonus from eMachines sale
Boston.com - Apr 15, 2004
Employees of eMachines Inc., which sells
low-end computers, got a $72.5 million piece of the pie
when the company was sold last month to Gateway Inc. Founder
Lap Shun "John" Hui distributed more than half of the
profit from the $290 million cash and stock sale, announced
in January. The 140 employees, ranging from managers to
warehouse workers, received checks equal to at least 30
percent of their annual salaries.
more...
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The Gateway That Could Have Been
Forbes, NY - Mar 23, 2004
When PC maker Gateway closed a deal to
acquire privately held competitor eMachines earlier this
month, it ended a process that started more than a year
ago and that might have ended very differently. In an
exclusive interview with Forbes.com, Lap Shun "John" Hui,
the usually media-shy China-born entrepreneur who sold
eMachines to Gateway (nyse: GTW - news - people ) in a
deal valued at $290 million in cash and stock, said the
merger was, in the long run, inevitable. But Hui disclosed
that he initially wanted to buy out Gateway and take it
private.
more...
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