Replies to post #61993 on e.Digital Corporation (fka EDIG)

[Cassandra]

Some information on the new Gateway CEO, Wayne Inouye...

He was brought to eMachines to reverse mounting losses. Even his simple announcement as new CEO caused the stock to rise:

http://www.crn.com/sections/BreakingNews/dailyarchives.asp?ArticleID=24288

The good thing is that he was successful in turning the company around. He also participated in taking eMachines private (purchased by a private entity). There was a class action lawsuit by eMachines shareholders (certified as a class in Aug. 2003):

http://www.gilardi.com/pdf/emac1not.pdf

However, it looks like there may be a pending settlement:

http://www.entwistle-law.com/news/cases/settled/emac1/index.html

It's possible that a settlement of the suit was part of the acquisition by Gateway.