NEWS

• Press Release August 22, 2006

Mr. Lap Shun (John) Hui announced today that he had submitted to Gateway, Inc. (NYSE:GTW) a proposal to acquire Gateway's retail operations for $450 million, on a debt free, cash free basis...more...

• WSJ June 22, 2006 NEC Corp.

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...

• eweek April 18, 2004 Why the eMachines Model Is Paying Off

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...

• Orange County Register April 15, 2004 A $72.5 million thank-you

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...

• Boston.com April 15, 2004 Employees get bonus from eMachines sale

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...

• Forbes.com March 23, 2004 The Gateway That Could Have Been

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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