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Shares of Irvine-based PC maker Gateway were climbing today on word that the company had been selected by the Los Angeles Unified School District as the hardware vendor for its "Business Tools for Schools" project. The agreement is for more than 1,200 E-4500 desktop PCs with 17-inch LCD monitors. Terms of the deal were not disclosed in a press release, which seems a little unreasonable given that Gateway is a publicly held company and the LAUSD is a publicly run institution. Maybe some intrepid reporter can track down a few more details than the Gobbledygook that was released. Shares climbed 10 cents, or 7.5 percent, to $1.43.
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.