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Articles about Tiger Direct

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Systemax director Carl Fiorentino bribery trial moves to Florida

The trial of former Systemax director Carl Fiorentino has been moved from New York to Florida, where he was based when the alleged bribery offences are claimed to have occurred. Fiorentino, a one-time president of subsidiary Tiger Direct, stands accused of pocketing more than $7m in kickbacks from component suppliers in Taiwan …
Paul Kunert, 14 Jan 2014
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Former Systemax bigwig Carl Fiorentino to fight bribery allegations

Former Systemax director Carl Fiorentino has pleaded not guilty to federal charges that he pocketed millions of dollars in backhanders in return for directing trade towards specific PC component makers. Fiorentino appeared in the Eastern District Court of New York on Monday to face allegations made last month that he made more …
Paul Kunert, 10 Jul 2013
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Dell sues Tiger for reselling old boxes as new

Dell is suing a former licensed US reseller, TigerDirect.com, claiming "repeated and blatant violations" of its resale contract, including trademark infringement, misleading representation, unfair competition, and false advertising. In an April 17 lawsuit filed by Dell in New York district court, Tiger is accused of - among many …
Austin Modine, 23 Apr 2009

Ex-Systemax veep cuffed, charged with $230m fraud

Carl Fiorentino, a former president at reseller Systemax, has been charged with accepting bribes worth millions of dollars in return for directing $230m worth of business to certain components suppliers. He was arrested yesterday and released on a $1m personal surety bond. If the name sounds familiar, that's because it is: his …
Paul Kunert, 19 Jun 2013
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Former Systemax exec faces second probe by Feds

Former Systemax exec Carl Fiorentino, the man currently contesting charges of fraud related to his work at his former company, is the subject of a second federal probe, according to a recent US court filing. This second probe was mentioned by his legal team at Pinera-Vazquez Law Firm in its petition to move the venue of the …
Paul Kunert, 31 Oct 2013
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Systemax profits tumble as US punters keep wallets closed

Systemax CEO Richard Leeds said he's disappointed by calendar Q1 numbers as profits fell by almost 50 per cent due to flagging US consumer electronics sales. The group - which operates the Misco and WStore brands in Europe, and Tiger Direct, Circuit City and CompUSA stateside - saw turnover slide one per cent year-on-year to $ …
Paul Kunert, 02 May 2012
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Judge rejects Mac OS X 'Tiger' ban demand

US reseller Tiger Direct has failed in its attempt to seek an injunction against Apple banning the Mac maker from selling Mac OS X 10.4 'Tiger'. Last week, the US District Court of Florida, Judge Joan Lenard presiding, ruled that "there is greater risk of damage to Apple from granting the injunction than any potential harm to …
Tony Smith, 16 May 2005
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PC dealer sues Apple over Tiger

US reseller Tiger Direct has sued Apple, claiming the Mac maker's decision to name the latest version of the Mac OS after the same feline predator infringes its trademark. Worse, the plaintiff claims, by adopting the name Tiger, Apple has "overwhelmed the computer world with a sea of Tiger references", displacing the reseller …
Tony Smith, 29 Apr 2005
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Euro jobs cut threat hit us like a train, say Systemax workers

Systemax staff are shellshocked in the wake of the revelation that jobs in Europe - the region leading growth across the company - are to be cut. The reseller is consolidating back-office functions into a shared services centre in Eastern Europe as well as shuttering two retail brands and closing down PC production lines …
Paul Kunert, 05 Nov 2012
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Systemax blows £250k on ex-CEO legal probe bills

Rising biz sales fuelled Systemax's third quarter even though the consumer spending freeze showed no signs of thawing. The parent of the Tiger Direct, CompUSA, Misco and WStore recorded a 4 per cent rise in turnover for the period ended 30 September, raking in $901m (£562.5m). The firm's operating income climbed 58 per cent to $ …
Paul Kunert, 02 Nov 2011
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Feds investigate $17m of missing kit at CompUSA

The FBI have taken charge of investigations into the reported theft of $17m (£10.4m) worth of electronics allegedly stolen from Systemax-owned CompUSA by two brothers of fired exec Gilbert Fiorentino and other former employees. Only last month, the SEC confirmed it was looking into matters surrounding the departure of Fiorentino …
Paul Kunert, 22 Jul 2011
Pim Dale, Systemax EMEA CEO

Systemax CEO: We want to be Number One in five years

Systemax EMEA CEO Pim Dale is plotting an expansion strategy to become the largest reseller in the region within five years. Industry vet Dale, former EMEA veep and GM at one-time direct selling purist Dell crossed into the channel for the first time in January when he pitched up at Systemax. He reckons its the "age of the …
Paul Kunert, 03 Jul 2012
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Systemax fills hole left by shamed US boss

Systemax has hired former Best Buy exec David Sprosty as the CEO of its Technology Products division in North America, finally filling the role that was vacated by shamed exec Gilbert Fiorentino earlier in the year. The responsibilities were assumed on a short-term basis by Systemax vice-chairman Robert Leeds after long-serving …
Paul Kunert, 04 Oct 2011
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Systemax sales grow and profits too

Systemax's investigation into whistleblower allegations against former exec Gilbert Fiorentino added $7m to its Q2 pre-tax profits but the consumer slowdown dented sales growth. The parent of US retailers Tiger Direct and CompUSA and reselllers Misco and WStore in Europe, has reported profits of $15.5m, up 64 per cent on the …
Paul Kunert, 04 Aug 2011
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SEC investigates disgraced Systemax exec

The SEC has launched an investigation into the reasons behind the departure of shamed Systemax exec Gilbert Fiorentino, the company has confirmed. CEO of the technology product group, Fiorentino was suspended from the US reseller - parent of Misco and WStore - in April after an independent probe into whistleblower allegations …
Paul Kunert, 28 Jun 2011
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Systemax Q2 revs jump 17%

Systemax shrugged off the credit crunch in Q2, with sales jumping 17 per cent to $758m for the three months ended June 30. The direct marketing IT reseller and PC builder, noted stronger demand in North America and Europe in the quarter and it held gross margins steady at 15.3 per cent. However, net income fell 1.6 per cent year …
Team Register, 08 Aug 2008
The Register breaking news

Reseller posts Splinter Cell game unlock code

Top marks to US reseller Tiger Direct for (essentially) giving away a copy of Splinter Cell: Chaos Theory to every potential customer of Leadtek's WinFast PX 7800 GT TDH graphics card. Yes, the card does come with a copy of the game bundled alongside Prince of Persia and a host of other apps and utilities, but Tiger Direct is …
Tony Smith, 01 Nov 2005
The Register breaking news

Spice up your Apple applications

Apple's "Professional" range of applications such as Final Cut Studio, Aperture or Logic Express have a completely different look to the standard Aqua color scheme. This comes courtesy of a private framework called ProKit.framework, intended to make Apple's professional software stand out from the crowd. And stand out it does. …
Dave Jewell, 19 Aug 2008
The Register breaking news

Intel's 1.3GHz P4 a candidate for wax

The Pentium 4 at 1.30GHz which Intel will introduce in January will have a very short shelf life, we can reveal. The microprocessor, which will be introduced on the 28th of January at $268, a quarter after the 1.5GHz and 1.4GHz Pentium 4 launches, will only last for a quarter, according to Intel itself. When Intel reprices …
Mike Magee, 23 Dec 2000