Text Bites

"The company will not survive by just selling personal computers

"The company will not survive by just selling personal computers. It is restructuring itself to develop and sell more services and solutions." - Mike Maloney, managing director of Gateway Ireland, confirming that the company is to exit the UK and Irish markets to concentrate on the US market.

"It wasn't really a shock. Everyone was expecting it anyway. With the way the market was going, it was only a matter of time. It was kind of inevitable." - A Gateway employee reacts with stoicism to news of the closure of the PC makers plant in Dublin.

"We're in the middle of a steep industry downturn and I don't think we have seen the last bad news." - Martin Cronin, a director of IDA Ireland.

"To date, job losses in Ireland have been surprisingly low given the severity of the global slowdown in IT demand. [But] with no signs of an improvement it seems inevitable that further job losses are likely". - Barry Dixon, technology analyst at Davy stockbrokers commentating on the closure.