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Articles about Brightpoint

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Ingram Micro gets 'negative' mark for risky Brightpoint slurp

Fitch Ratings has downgraded its outlook for Ingram Micro from stable to negative due to the "risks" the distie might face once the acquisition of Brightpoint gets the all-clear. The ratings agency revised the scoring to triple-B-minus – just a hair's breadth away from the junk bond rating of BB+ – late last week. The reason is …
Paul Kunert, 25 Jul 2012
Ingram Micro

Ingram Micro crams BrightPoint down gullet for $840m

Broadline behemoth Ingram Micro has coughed $840m (£535.7m) for specialist wireless device and services distie BrightPoint, the companies confirmed this morning. Industry chatter in recent weeks pointed toward Ingram being in talks to snap up Specialist Distribution Group, a mid-market infrastructure distributor. The deal with …
Paul Kunert, 02 Jul 2012

BrightPoint bosses steer biz to Q2 losses

BrightPoint recorded significant losses for calendar Q2 just as Ingram Micro was preparing to table an offer of $850m for the wireless device and services distie. In results filed last night, the firm turned over $1.27bn (£814m), up three per cent year-on-year for the period ended 30 June. This included $1.14bn from product …
Paul Kunert, 10 Aug 2012
European Union Flag

Euro recession over as sales rebound for mega distie Ingram Micro

Economic recovery on both sides of the Atlantic – and to a lesser extent sales of Apple's iPhone in certain countries across Europe – helped Ingram Micro offset declines in its mobility and Asia Pacific wings… but only just. First calendar quarter revenues at the world's bulkiest tech distie went up one per cent year-on-year to …
Paul Kunert, 24 Apr 2014

Ingram Micro veteran returns to... Ingram Micro

Distribution veteran Bhavesh Patel has re-joined Ingram Micro (IM) as exec director of global business development for the Mobility side of the house. Patel took leave from the broadline tech distie in spring 2009 to hook up with his former IM UK boss Meine Oldersma at comms wholesaler 2020 Mobile Group. But 2020 was acquired …
Paul Kunert, 04 Mar 2014

Mega-distie Ingram Micro takes knife to costs in 'very challenged' Europe

Flatlining sales growth in Europe has led the world's largest distributor, Ingram Micro, to restart a cost-slashing exercise in the region after describing the operation as "still very challenged". It also plans to roll out newer tech services to resellers on this side of the Atlantic, which compared to the US has been …
Paul Kunert, 25 Oct 2013
Ingram Micro

Eurozone still the damp patch on Ingram's corporate pants

Distie juggernaut Ingram Micro rolled out a bumper set of sales growth numbers last night largely aided by acquisition. Yet poor trade in the Eurozone let the side down, remaining the blot on the profit and loss sheets. Revenues for Q2 ended 29 June were up 17 per cent year-on-year to $10.3bn, with the Brightpoint and Aptec …
Paul Kunert, 25 Jul 2013
Ingram Micro

World's biggest distie cans Euro growth hopes for 2013

Ingram Micro's European operation is likely to continue to be the group's metaphorical fly in the ointment for 2013 with "no significant growth" forecasted by senior execs. The world's largest IT distie last night reported calendar Q4 numbers showing a 14 per cent rise in turnover to $11.38bn, including $1bn and $75m of sales …
Paul Kunert, 14 Feb 2013
Ingram Micro

Even world's most MASSIVE distie takes punch to wallet

Restructuring costs, higher taxes and aggressive pricing on both sides of the pond throttled Ingram Micro's profits for calendar Q1 but acquisitions allowed the world's largest tech distie to post double-digit sales gains. Turnover climbed 19 per cent to $10.26bn including a $1.1bn contribution from Brightpoint and $75m from …
Paul Kunert, 26 Apr 2013

Ingram chief on $100m SLASH FEST: 'It doesn't take a genius' to see IT market's changing

Lumbering tech distributor Ingram Micro is banking on the biggest restructure in its European history to make the biz leaner and meaner, regional president Gerhard Schultz has revealed. Details of the global transformation plan designed to slash annual overheads by $100m a year are emerging, and as revealed yesterday will …
Paul Kunert, 28 Feb 2014
cake

Ingram Micro's layer cake is about to get a bit flatter

Ingram Micro is toasting better trading conditions in Europe that helped it report record revenues for calendar '13 by sharpening the axe to "de-layer" and "align" the business and save up to $100m in overheads. The world's largest tech distributor filed numbers for Q4 with sales edging up four per cent to $11.8bn driven by …
Paul Kunert, 14 Feb 2014
box_shifting_channel

Arrow's Computerlinks gobble - a vendor's perspective

One of the channel's worst kept secrets was finally outed last month as US behemoth Arrow Electronics agreed to snap up Munich-headquartered VAD Computerlinks for a cool €230m. In many ways it was a canny bit of business for Arrow and should give it access to some high-end customers, but the deal raises more questions than it …
Tim Ayling, 27 Sep 2013
RIM BlackBerry PlayBook

Cops seek clues to $1.7m tablet snatch

Thieves made away with $1.7m worth of RIM BlackBerry PlayBook tablets last week in Chesterfield, Indiana. The 7in tablets were being taken to Ontario, Canada from a warehouse and distribution facility in Plainfield, Indiana, local police said. The 22 pallets of kit were in the back of a lorry owned by Brightpoint, a company …
Hard Reg, 19 Dec 2011

Ingram's Monie on money: Murky outlook for IT world ahead

Ingram Micro - the world's largest technology distributor - doesn't expect the global economy or the IT industry to pick up anytime soon. Last night the firm posted calendar Q3 numbers with a driving currency headwind almost wiping out sales growth not helped by the economy in Europe either. Turnover climbed 1 per cent year-on- …
Paul Kunert, 26 Oct 2012
Tech Data

Tech Data gobbles Brightstar's piece of their Euro biz pie

Distribution behemoth Tech Data Corp has gulped down Brightstar's 50 per cent stake in the firms' European joint venture for around $165.6m (£106.4m) in cash. The two wholesalers set up Brightstar Europe in 2007 to share the risks and rewards of tapping up the burgeoning mobility and wireless device space in the region. Bob …
Paul Kunert, 11 Jul 2012
Avnet TS

Avnet gobbles Magirus, aiming to deliver swollen offerings

Avnet Inc is consuming pan-European distributor Magirus Group for an undisclosed sum. The agreement was made public today - just hours after it emerged that Ingram Micro is splashing $850m to acquire BrightPoint ($650m in cash and assuming $190m worth of debts). Stuttgart-based Magirus offloaded its $500m enterprise hardware …
Paul Kunert, 02 Jul 2012
thumbs_up_alternative

'Apps are replacing people everywhere', says Canalys chief

Forget the recession - the reseller channel is in rude heath and there are a raft of biz opportunities coming into sharp focus, according to the chief at bean counter Canalys. At Canalys' Channel Forum 2012, CEO Steve Brazier said times were tough in the first half of this year, but distributors and the top 12 vendors - …
Paul Kunert, 09 Oct 2012
Suitcase bulging with cash

Distie consolidation: Someone everyone's gonna get hurt

When you look at the latest spate of acquisitions by broadline distributors, it's hard not to visualise an alcoholic who, concerned that he's facing a period of drought and associated health issues, decides the best way to deal with them is to have another drink. The pace of acquisitions by major distributors like Arrow, Tech …
Eddie Pacey, 19 Oct 2012
fingers pointing at man

PlayBook stock mountain: RIM slashes prices

RIM has started to slash prices for its little-loved BlackBerry PlayBook tablet in the US amid channel talk on this side of the pond that the fondleslabs are shifting more slowly than expected and inventory levels are out of control. The troubled Canadian firm is taking a lead from HP which saw demand for its TouchPad go through …
Paul Kunert, 29 Sep 2011
The Register breaking news

In brief: Kyocera UK to sell Iridium satellite and mobile phones

Sources close to Kyocera said that its UK division will sell satellite phones using the Motorola Iridium system. The company will also sell mobile phones in the UK for the first time, according to a reliable source. A US startup called BrightPoint is involved.
Team Register, 04 Sep 1998
The Register breaking news

No Iridium phones shipped in UK yet

An Iridium representative in the UK confirmed today that no single satellite phone has yet shipped in the United Kingdom. We don't know how many have been sold in greater Europe also. And it could be quite a while before the sales ramp up from zero to one. The representative said Iridium hoped to make an announcement next week. …
Mike Magee, 11 Feb 1999
The Register breaking news

IT firms lack 'customer respect'

The Customer Respect Group, an international research and consulting firm which examines how firms treat their punters online, has studied how the IT industry interacts with consumers. The good news is that most websites examined in the IT sector were easy to navigate and did a "fair job" of explaining their privacy policies " …
Tim Richardson, 06 Apr 2004
The Register breaking news

Iridium CEO breaks orbit

Iridium CEO Edward Staiano has quit the troubled satellite phone company -- the second senior executive to leave it in the last two months. According to the company, Staiano resigned after falling out with Iridium's board over the company's strategy. Over what part of the company's gameplan CEO and board disagreed is not yet …
Tony Smith, 23 Apr 1999
The Register breaking news

Hands on with Macromedia Flex 2.0

The assumption behind Flex is that an unadorned browser is insufficient as a universal client. Microsoft beats this same drum, and promotes .NET smart clients as the means of adding the performance and rich user interface that only a local application can achieve. To date, Microsoft’s campaign has had only limited success. Sun’ …
Tim Anderson, 04 Dec 2005