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On the same day that shares of Gateway GTW hit an all-time low, the PC maker's interim chief executive officer nearly doubled his stake in the company. It was Snyder's first buy in more than three years, and only the second by any GTW insider during that same period.

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Snyder originally worked at GTW between and , where he served as executive vice president and later president and COO. He left the company in to found Avalon Investments, a technology-focused venture capital firm.

In , Snyder founded Ardesta, a venture-capital firm focusing on nanotechnology. He maintained a position on GTW's board of directors during his time away from the company, and was elected chairman last year. In February, Snyder was asked to return to GTW as the interim CEO, when Wayne Inouye resigned from the top spot unexpectedly.

The company has said it expects to name a new CEO by late summer. Senior Vice President Robert Davidson has sold through open market sales, exercise and sells, and planned sales about K shares during the past 18 months.

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Theodore Waitt, the company's founder and top shareholder with about GTW has, of course, been suffering for years, as companies such as Dell NASDAQ: DELL and Hewlett-Packard NYSE: HPQ have outclassed their smaller competitor. Inouye had been tasked with turning the struggling company around, but resigned shortly after GTW reported poor Q4 earnings.

Inouye made a valiant effort to cut costs at the bloated PC maker, shutting down the company's retail operation and exiting the consumer electronics business, but a Business Week article from February of this year said Inouye's exit suggested that the job of fixing GTW "may be simply too big for anyone.

A leveraged buyout engineered by the former sole owner of eMachines acquired by GTW and the current number-two shareholder of GTW, Lap-Shun "John" Hui, has also been suggested.

In late April, GTW reported adjusted breakeven first-quarter results, disappointing analysts who expected the company to post a modest 2 cents per share profit. Gateway CEO Buying Stock GTW May.

While Snyder is buying, other GTW insiders have been selling. Expand Want to share your opinion on this article?

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