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Gateway Communications Inc.: The Irvine-based computer products...

Gateway Communications Inc.: The Irvine-based computer products company lost $299,000 for the first quarter, contrasted with net income of $209,000 for the same period in 1989. Revenue declined 11% to $5.6 million from $6.3 million. The company attributed the loss to a number of factors, including a loss provision for the pending sale of its Australian subsidiary, a decrease in shipments of products with higher profit margins, competitive pricing conditions and higher research and development expenses.


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