The little computer company started by Ted Waitt in a farm house near the Iowa-South Dakota border and later made the Fortune 500 has had an impressive 22-year run is now being sold to Taiwan’s Acer for a reported $710 million. This move appears to be a win for both companies as Gateway, although still ranked as the 3rd largest PC maker in the US (tied for 3rd), hasn’t had their best sales this past year. Also, Acer will now have a chance to have an instantly larger presence in the US market and plans to keep the Gateway and eMachines brands alive (we’re not sure about the dairy cow boxes).

The acquisition is expected to be completed by December of this year pending the standard international closing conditions. According to Acer this move will further increase the buying …

The FPD2485W 24″ Widescreen display from Gateway features 1080p High-Definition Support, an impressive 1000:1 contrast ratio, and 1920 x 1200 resolution.

The display has an adjustable height setting and also allows you to tilt and swivel the screen for just the right viewing angle. The auto-rotation feature allows you to rotate the display 90 degrees to view long documents and web pages, or rotate it back to view documents side by side.

The monitor also supports the optional Gateway TDX Audio Sound System. The premium TDX system consists of six high-performance speakers in a slender speaker bar that attaches directly to the display. The Sound System helps you eliminate your existing speakers and free up some desk space.

Inputs include standard VGA, DVI, composite, S-Video, component video, and 2 USB 2.0 ports integrated …