Feeds

InterX confirms Ideal Hardware sale

Bell Microproducts is buyer

  • alert
  • submit to reddit

Intelligent flash storage arrays

California IT distributor Bell Microproducts has confirmed it is to buy InterX subsidiary Ideal Hardware. Bell Microproducts has signed a letter of intent to acquire the Surrey-based distributor, it said today. No price tag was put on the deal, which will mark Bell Micro's first step into the European storage market and give Ideal a listing on NASDAQ. Ideal recorded sales up 39 per cent at around $500 million for the year ending July 1999. InterX, which in November announced plans to spin off Ideal to develop its Internet business, has been rumoured to be in talks with the US giant for several weeks. "Ideal and Bell Micro are closely aligned in strategies and operating style," said Don Bell, Bell Micro president and CEO. "Bell Micro's own value-add initiatives are in perfect harmony with Ideal's strategy. Together, we will bring to the European market a unique and comprehensive offering in the fast growing storage industry," said Henri Richard, freshly appointed president of Bell Micro Computer Products group. Bell Micro recorded sales of $366.3 million and pre-tax profit of $3.2 million for its first quarter ended March 31 2000. This compared to $219.6 million and $1.9 million for the same period the previous year. ® Related stories InterX inches closes to Ideal Hardware sale InterX distie arm still up for sale Channel Flannel extra Ideal to split from parent group

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.