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Remember Gateway?

Stock quotes in this article: GTW , DELL  

With no permanent CEO at the helm, deteriorating profit margins and increasingly fierce competition, PC maker Gateway(GTW Quote) has seen better times.

It's also suddenly in demand.

On Wednesday, eMachines founder Lap Shun Hui announced his desire to buy Gateway's retail operations for $450 million.

The offer came two days after it was revealed that a hedge fund consortium picked up a 10% stake in Gateway, stating its intention to assist the company "drive the business and build value." ...

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