Reuters reported that co-founder and CEO Ted Waitt attributed the weakened picture at Gateway to losing focus on customers, as well as falling victim to a weaker economy. 3Com announced Monday that it would cut 1,200 of its 11,700 jobs. Check out yesterday's Foolish market wrap-up with one swift click . At press time, he owned shares in Qualcomm. To see his stock holdings, view his profile , and check out The Motley Fool's disclosure policy .
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