In Pictures: When Tech Titans Fall from Grace

Here's our list of 14 once-elite tech companies that fell off their pedestals due to unforeseen circumstances, arrogance, ineptitude, or all of the above.

Gateway Another '90s hero gone to seed, Iowa-based Gateway once cranked out quality and affordable Windows PCs for the masses (remember those cow-spotted boxes?) and for a while had a successful chain of retail stores across the U.S. But the dot-com bust hit Gateway hard. It tried unsuccessfully to expand with aggressively-priced TVs, cameras and routers and was hampered by poor customer service. A limping Gateway was nabbed by Acer in 2007 for $710 million. For some perspective, in 1997 Compaq bid $7 billion for the company.

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