Gateway has entered into separation agreements with two former senior vice presidents that ran struggling businesses at the company, it announced Friday in a filing with the Securities and Exchange Commission. Scott Bauhofer and Bruce Smith left the company as of April 24 and were given cash payments and outplacement services in exchange for agreeing not to pursue claims against Gateway.
Bauhofer ran the Box and Beyond division, which was a peripherals business that former CEO Wayne Inouye broke out from Gateway's Direct business. Smith was responsible for Gateway's Professional business. Both units have posted disappointing results for consecutive quarters, and interim CEO Rick Snyder has appointed new executives to run those groups.
Web giant is spending $120 million to beef up its Mountain View, Calif., headquarters, according to filings with the city reviewed by the San Jose Mercury News.
The Samsung Galaxy Mini 2 S6500 could make its debut at the Mobile World Congress in Barcelona later this month, according to a leaked promotional image.
MIT creates a simulation to celebrate the 50th anniversary of Spacewar. A relic of the early days of minicomputers, it was one of the first computer video games and set the stage for many others, including Asteroids.
Join the conversation