| Business Summary | | eMachines,
Inc.
sells
low-priced
personal
computers
(PCs)
that
include
Internet
offerings.
Since
its
first
PC
shipment
in
November
1998,
the
Company
has
sold
over
3.7
million
PCs.
In
January
2000,
the
Company
acquired
FreePC,
Inc.,
a
provider
of
PC-based
Internet
advertising
services
and
software.
Because
of
the
slowdown
in
the
Internet
advertising
market,
the
Company
has
refocused
its
efforts
away
from
Internet
advertising
to
selling
PCs.
Although
it
has
relied
on
a
small
number
of
retailers
for
substantially
all
of
its
PC
sales,
the
Company
intends
to
begin
selling
PCs
directly
to
consumers
to
complement
its
retail
sales.
The
Company's
PCs
have
retail
prices
ranging
from
$399
to
$1,099.
The
Company
also
offers
integrated
computing
and
Internet
access
services
through
its
relationship
with
America
Online
and
its
own
Internet
access
service. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | EEEE
sells
high-quality,
low-priced
personal
computers.
The
Company
also
offers
integrated
computing
and
Internet
access
services
through
its
relationship
with
America
Online
and
its
own
Internet
access
service.
For
the
three
months
ended
3/31/01,
net
revenues
fell
45%
to
$136.2
million.
Net
loss
applicable
to
Common
totaled
$31.1
million,
up
from
$11.9
million.
Revenues
reflect
decreased
unit
shipments.
Higher
loss
reflects
a
$8.9
million
inventory
write-down
charge. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
115,899;
after
tax
earnings
were
-28,267. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | Hong Lee, 40 | Chairman | Wayne Inouye, 48 | Pres,
CEO, Director | Adam Andersen, 41 | COO,
Sr. VP | Brian Firestone, 49 | Exec.
VP, Strategy and Bus. Devel. | Bob Davidson | Sr.
VP, Product Marketing |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|