Acer Inc. announces extension of tender offer for Gateway, Inc.

Allowing the Committee on Foreign Investment in the U.S. to complete its review process

(Auszug aus der Pressemitteilung)

TAIPEI, TAIWAN (October 2, 2007) – Acer Inc. (TWSE: 2353; LSE: AM50), announced today that it is extending its previously announced tender offer for all outstanding shares of Gateway, Inc. (NYSE: GTW) until 5:00 p.m., New York City time, on Wednesday, October 10, 2007. The tender offer is being extended to allow the Committee on Foreign Investment in the United States to complete its review process under the Exon-Florio Amendment to the Defense Production Act of 1950, as amended. Completion of this review process is a condition to the consummation of the tender offer.


As previously announced, on September 4, 2007, Acer’s wholly owned subsidiary, Galaxy Acquisition Corp., commenced a tender offer for all of the outstanding shares of common stock, including the associated preferred stock purchase rights, of Gateway at a purchase price of US$1.90 per share in cash, pursuant to a merger agreement among Acer, Galaxy Acquisition Corp. and Gateway.

As of 12:00 midnight, New York City time, on Monday, October 1, 2007, an aggregate of approximately 307,072,353 shares of Gateway (including 16,778,002 shares tendered under guaranteed delivery procedures), which represents approximately 80.68 percent of Gateway’s outstanding common stock on a fully diluted basis, had been tendered into, and not withdrawn from, the tender offer.