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ALSO Acquires Alpha International

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ALSO Acquires Alpha International

ALSO Holding acquires Saphin-owned printer and computer accessory distributor Alpha International, with aims to strengthen supplies business expertise in all countries distributor covers.

Financial details of the deal are not available. ALSO will also boost existing distribution activity in Benelux, while Alpha and ALSO Netherlands get joint management.

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Ingram Micro Tweaks European Leadership

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Ingram Micro Tweaks European Leadership

Ingram Micro Europe president Gerhard Schultz splits the distributor into 5 geographical areas, each centered around "empowered country operations that operate close to the business."

Reportedly this change in leadership allows for the "fostering strong ties with the customers and vendors," as sole focus on specific business portfolios for "profitable growth."

The new Ingram Micro Europe setup is as follows:

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    ALSO Chairman Steps Down

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    ALSO Chairman Steps Down

    Long-serving ALSO Holding chairman Thomas C. Weissman announces his stepping down from the ALSO board, to take place on the date of the company's 2014 annual general meeting.

    "After 26 years working for ALSO it is time to make room for others," Weissman says. "The company is now a strong number three in Europe and displays a sustainable profitability which is substantially better than that of the competition, so I can place the fate of the company in other hands with a good conscience."

    The chairman gives no further word on his retirement other than "personal reasons."

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    Systemax Remains in the Red

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    Systemax Remains in the Red

    Systemax Q2 2013 results remains in the red despite turnaround efforts-- company revenues fall by -5.1% Y-o-Y to $805.8 million and operating losses reach $6.1m, up from $2.3m in Q2 2012.

    Back in November 2012 the Misco owner announced an exit from the PC making business, moved its pan-European operations to "a shared services centre in E. Europe" and dropped the CompUSA and Circuit City brands.

    Systemax sees 1.3% Y-o-Y growth in sales to business customers reaching $527.6m, but consumer unit turnover drops by -15% Y-o-Y to $278.2m. Inter-company corporate trade reaches $1.4m, while technology kit sales drop by -8% Y-o-Y to $685.5m.

    The only growth segment for the company is Industrial Products, with sales reaching $118.6m with 15.3% Y-o-Y growth.

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    Flat European Revenues for Ingram Micro

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    Flat European Revenues for Ingram Micro

    European Ingram Micro revenues remain flat Y-o-Y during Q1 2013 as the distributor sees higher global sales worth $10.26 billion and lower operating income reaching $90.8 million.

    GAAP net income for the quarter is $49.8m, down from $90m for Q1 2012. However Q1 2012 did see a net discreet tax benefit worth $28.5m and favourable HDD pricing.

    Gross WW profit totals $585.3m, up from $467.6m for Q1 2012..

    "In addition to shifting market dynamics, we also saw increased competitive pricing this quarter due to the sluggish economic environment in Europe," CEO Bill Humes says. "However, even though we expect some relief in the mid-term, we recognized many quarters ago that strategically we needed to develop and grow markets where inherently better margins are available.... we have made, and continue to make, investments in several of these areas, which, while they impact our near-term expense levels, are consistent with our strategy to increase the ratio of our higher margin, and better returns businesses."

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    Tech Data Recounts Numbers from Past 3 Years

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    Tech Data Recounts Numbers from Past 3 Years

    IT distribution giant Tech Data rips up the financial results for fiscal 2011, 2012 and 2013 following the discovery of errors in the "vendor accounting" of UK subsidiary Computer 2000.

    As a result Tech Data will recount the number and publish new results-- with the adjustments wiping out up to $33 million from previously reported net profits and cutting reported consolidated operating income by anything from $30m to $40m.

    "Accordingly, investors should no longer rely upon the company's previously Continue reading...

    "Strong" 2012 for ALSO-Actebis

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    ALSO-Actebis fiscal 2012 group net profits total €46.3 million (73.4% higher than 2011) from net sales reaching €6.3 billion, results the company describes as "strong."

    When it comes to Q4 2012, net profit is up by 27.2% Y-o-Y to €21.5m, while profit before tax (EBT) totals €28.5m with 29% Y-o-Y growth.

    ALSO-Actebis 2012 sales in C. Europe total €4772m (up from €4732m in 2011), with particularly strong demand in the mobility (smartphones and tablets) segment.

    Meanwhile the N./E. European segment sales grow by 3.5% to €1669m despite economically difficult times, with EBT growing by 52.4% to €12.5m.

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    “IT companies will die if they don’t change…”

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     “IT companies will die if they don’t change…”

    Consumer IT interviews V.M. Chandrasekar, MD of Global Distribution FZE, nearly a billion-dollar global IT distributor based in Dubai

    The IT world is changing with the speed of light and companies that fail to keep pace will simply die, says a key Dubai-headquartered IT distributor.

    V.M  Chandrasekar, founder-group managing director of Global Distribution FZE, spoke to us while on the occasion of  his company’s international executive meeting. Chandrasekar flew in 25 key of his business heads from around the world for a three-day conference in Dubai to brainstorm innovative ways to ensure his company keeps changing with the times.

    Established in 2001, the $900-million Global Distribution FZE operates in Europe (Germany, Austria, The Netherlands), Latin America (14 countries including Brazil, Argentina, Peru, Bolivia, Venezuela and the Caribbean), India and the Middle East. With a 35% year-on -year growth, it works through a network of over 50 offices, has 80,000 sq ft warehouse space and employs over 650 people worldwide. It deals in finished goods and components and its partners include top names such as Apple, Samsung, Dell, Lenovo, LG, SAP, Cisco, WD, Xerox, Seagate and others

    In a Q&A session, Chandrasekar-- a man who has personally witnessed the IT space transform itself over the years-- brings us up-to-date with his views on the current IT distribution market.

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    Ingram Sales Down in Europe, Flat Worldwide

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    Ingram Sales Down in Europe, Flat Worldwide

    European Ingram Micro Q2 2012 sales decline by -7% Y-o-Y to $2.5 billion despite double-digit growth in Germany and the UK-- causing the world's biggest distributor to admit such growth is not sustainable.

    Driving the strong German and UK growth is Ingram's "gaining further share" in SME, as well as stronger sales in e-tail and retail customers. However the rest of Europe continues feeling the crunch from the Eurozone crisis, particularly in S. Europe.

    Meanwhile global Q2 2012 Ingram sales are Continue reading...

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