As we move into our strongest selling season of the year, we're planning to continue leveraging our beyond-the-box business model and distribution strategy to meet our goal of delivering consistent earnings results, better- than-industry growth rates and a more diverse and profitable revenue stream.
The economic slowdown, coupled with on-going shifts in PC seasonality, clearly had a significant impact on our sales over the holiday weekend, ... We expect these issues will continue to have an effect on overall demand over the next twelve to eighteen months.
We expect consumer sales to continue ramping up this quarter, but it is now obvious to us following the Thanksgiving weekend that they will not grow sufficiently to allow us to meet previous consensus for EPS and guidance for revenue.
There's been a lot of noise about the European market. Despite that noise, Gateway had another strong quarter from a revenue perspective in Europe.
We're not happy with the 10 percent decline, but we are making progress.
You will also see us meld small business advertising with consumer advertising campaign.
When you plan for $3 billion in sales and you do $2.4 billion, you have a cost problem.
Supply of key processors and motherboards was severely constrained, spotty and unreliable, particularly in our consumer sweet spot in the $999 to $1299 price range.
We believe now that we will exit the year with 45 percent of our total income coming from beyond-the-box.
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