Ted Waitt
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Theodore "Ted" Waitt (born January 18, 1963 in Sioux City, Iowa) was a co-founder of Gateway, Inc.
Waitt was born and raised on a farm near Sioux City, Iowa and attended the University of Iowa. Along with Mike Hammond, he co-founded the company – then called Gateway 2000 – at his boyhood farm on September 5, 1985 with a $10,000 loan secured by his grandmother. He eventually moved to Sergeant Bluff, Iowa and later to North Sioux City, South Dakota, where the company generated their "down-home" branding, complete with computer boxes that patterned with black and white Holstein cow patterns.
He led a move of the company's headquarters from South Dakota to La Jolla, California in 1998. Mr. Waitt released the reins as CEO of Gateway in late 1999 to Jeffrey Weitzen, but returned to the post in January 2001.
In 2004, after the acquisition of eMachines, Waitt turned over day-to-day operations of Gateway and the title of CEO to Wayne Inouye, the former CEO of eMachines. In May 2005, he resigned as chairman of the company, ending a near 20-year run with the company he co-founded.
Waitt and his wife have four children.
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