Ingram Micro

Distributor Ingram Micro Reports Strong Sales
February 14, 2008

Distributor Ingram Micro reported Q4 sales of $10 billion, a 13-percent increase from $8.85 billion for last year’s quarter. Sales for the 2007 fiscal year hit a record $35.05 billion, a 12-percent increase over 2006. Net income was $114.1 million or $0.64 per diluted share, compared with net income of $91.7 million or $0.53 per diluted share, in the prior year fourth quarter. “I’m pleased with the progress we made in 2007 -- both for the fourth quarter and the fiscal year,” said Greg Spierkel, Ingram Micro CEO. “Our record sales and net income results were driven by operational improvements and

New Year Reflections
January 1, 2008

Overall, I’d say business got smarter this year. In 2007, the major manufacturers stepped back and re-evaluated their approach to market so that many shifted their focus away from high volume/low market SKUs to high margin/limited distribution models. Manufacturers and dealers re-thought their approach to design (aesthetics and ease-of-use) as well as lifestyle integration. Let’s face it. CE products are not only competing against other CE products, they’re competing against every other consumer product on the market. So many in the industry made sure their products not only worked as stated, but also looked cool and integrated easily into consumers’ lives. The

Ingram Micro To Launch V7 Brand at CES
December 13, 2007

The tech distribution giant Ingram Micro announced this week that it will unveil a new consumer brand, called V7, at International CES in Las Vegas next month. The brand will consist of LCD TVs and monitors, as well as GPS devices and digital picture frames. Accessories, such as cables, wall mounts and carrying cases, will be part of the line as line. The brand, Ingram Micro says, is meant to “serve as an alternative to under-funded CE start-ups that can’t offer the same stability, margins and long-term customer support to retailers and re-sellers. According to Orange County Business Journal, versions of the V7

What They’re Thinking: David B. Lorsch
November 13, 2007

My first job in the CE industry was working in a warehouse of Musicraft in Chicago. I was a stock boy. I'd pull systems, receivers, speakers, wire, disc washers and turntables. The turntable had to be assembled: the base, dust cover, hinges; mount the phono cartridge. Then we'd have to cram these huge systems into a Ford Pinto or a Chevy Vega. I just liked to hang out in stereo stores. At 15, it was a good way to be. Right now, figuring out what I'm going to be when I grow up is my greatest challenge. I dropped out of life when

David B. Lorsch
November 12, 2007

My first job in the CE industry was working in a warehouse of Musicraft in Chicago. I was a stock boy. I'd pull systems, receivers, speakers, wire, disc washers and turntables. The turntable had to be assembled: the base, dust cover, hinges; mount the phono cartridge. Then we'd have to cram these huge systems into a Ford Pinto or a Chevy Vega. I just liked to hang out in stereo stores. At 15, it was a good way to be. Right now, figuring out what I'm going to be when I grow up is my greatest challenge. I dropped out of life when I

Ingram Micro’s Murai to Resign as President
August 1, 2007

The computer products distributor Ingram Micro announced late last week that its president and chief operating officer, Kevin Murai, will resign his position at the end of the year, and be replaced by the company’s Asia-Pacific division, Alain Monie. The announcement was made, Reuters reported, as Ingram Micro announced its earnings for the quarter. Ingram Micro announced in June that it had acquired DBL Distributing for $96 million, and that DBL would become an independent subsidiary of Ingram. In the quarter recently completed, Ingram Micro made net income of $52.4 million, down from $53.8 million the ame period a year earlier, on

Lorsch To Retire After Overseeing DBL/Ingram Micro Transition
June 14, 2007

DBL customers shouldn’t expect any immediate changes now that Ingram Micro has bought the CE and accessories distributor. But a big change will come next June when David Lorsch, who started the company 18 years ago and is well known throughout the industry for his hands-on approach and down-to-earth character, will retire after he leads the company through the transition. The news was bittersweet for loyal DBL customers. “Even though he is CEO of the company, you can always call him in his office; you can call the boss direct,” said Lazer Werzburger, a camcorder buyer at B&H Photo and Video in New

DBL is Acquired By Ingram Micro
June 13, 2007

The technology distributor Ingram Micro announced Wednesday that it has purchased the net assets of DBL Distributing. The transaction is for $96 million, and will be financed through Ingram Micro’s current borrowing capacity, the company said in a statement. “Our acquisition of DBL Distributing is another step forward in Ingram Micro’s consumer electronics strategy,” Ingram Micro CEO Greg Spierkel said in the company’s announcement. Once the deal is completed, DBL will operate as a wholly owned subsidiary of Ingram Micro. Ingram Micro will also take ownership of NXG Technology, the DBL-owned brand of audio/video installation products.

People On The Move At In Car, Panamax, Ingram, WildBlue
March 30, 2007

Denton Gets In Car In Car Experts, a mobile electronics buying group in Swedesboro, N.J., has hired Jason Denton, a 13-year industry veteran, as an associate director. Denton has worked in all aspects of the mobile electronics industry starting from the installation bay through sales/management to his most recent position with Mid-Atlantic JL Audio rep firm, Signature Marketing. In his new role, Denton will focus on retail member communications. Panamax Promotes Swan Panamax/Furman Sound, a Petaluma, Calif.-based provider of AC power management solutions, promoted Chris Swan to vice president of operations. Swan has served as Panamax’s director of operations since 2000. Since joining

Ingram Micro Opens Mobile Division for VARs
November 1, 2006

This week, distributor Ingram Micro formed a new Mobility Division, which will be targeted to resellers of mobile and wireless products. According to the company the new division will link value added resellers (VARs)—a large portion of the company’s client base—to national carriers, including Cingular Wireless, Sprint Nextel and Verizon Wireless, as well as vendors such as Palm, Nokia, Motorola, Research in Motion (RIM) and Good Technology Additionally, the new division will work to streamline activation services (and, according to the company, solution providers who use Ingram Micro’s activation services will receive commissions in an expedited manner); offer field sales and online training