Why Is It The Right Time To Buy Ingram Micro?
Thu, Jun. 23, 10:28 AM
- Ingram Micro (NYSE:IM) announces distribution agreement with Coresite Realty (NYSE:COR) to Coresite data center services and solutions to channel partners across U.S. and Canada.
- “The addition of CoreSite’s high-performance data center colocation solutions coupled with the strength of Ingram Micro’s cloud and data center resources will further enable our channel partners to solve for common customer challenges and more readily adopt trending technologies, including cloud, big data and mobility,” said Bill Brandel, Executive Director, Advanced Solutions at Ingram Micro
Fri, Apr. 29, 7:33 AM
Thu, Apr. 28, 5:30 PM| Thu, Apr. 28, 5:30 PM | 3 Comments
Thu, Feb. 25, 4:21 PM
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- Chinese logistics firm Tianjin Tianhai is acquiring Ingram Micro (NYSE:IM) for $6B, or $38.90/share, in cash. The price represents a 31% premium to Ingram's Wednesday close.
- The deal is expected to close in 2H16. Ingram is suspending its dividend and buyback program. Q4 results will be released on Feb. 25, but no earnings call will be held.
- IM +23.1% after hours to $36.50.
Wed, Feb. 3, 5:58 PM
- Kinder Morgan's (NYSE:KMI) Trans Mountain pipeline expansion can be built in a way that satisfies environmental concerns, a group of Canada’s largest oil companies argued today before the National Energy Board.
- The lawyer acting for Canadian Natural Resources (NYSE:CNQ), Suncor Energy (NYSE:SU), Imperial Oil (NYSE:IM), Cenovus Energy (NYSE:CVE) and others, said the NEB panel should weigh the benefits of the pipeline against both the risks of a potential spill as well as the risk-mitigation measures KMI has planned for the line.
- BP Canada's legal counsel added that demand on the existing pipeline between Alberta and Burnaby, B.C., far outstrips supply capacity on “the only pipeline system transporting crude oil to the west coast.”
- The Trans Mountain expansion would add 590K bbl/day of pipeline capacity.
Dec. 21, 2015, 6:03 PM
- Ingram Micro (NYSE:IM) has closed its purchase of Odin Service Automation, a software solution that helps carriers and other service providers deliver and manage cloud services, from PC virtualization software firm Parallels. The company has also bought "associated cloud management technologies, intellectual property and the Odin brand."
- Terms are undisclosed. Odin users include Vodafone, Telstra, KPN, Telefonica, and CenturyLink.
- The news comes on a day that also saw Ingram announce the closing of its $175M purchase of Dutch e-commerce fulfillment services firm Docdata (first announced in October), and the expansion of its Cloud Marketplace (allows channel partners to bundle/sell cloud services) to India.
Oct. 29, 2015, 4:32 PM
- Ingram Micro (NYSE:IM): Q3 EPS of $0.67 beats by $0.04.
- Revenue of $10.52B (-6.3% Y/Y) misses by $210M.
- Shares -0.9%.
Oct. 28, 2015, 5:35 PM
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Oct. 13, 2015, 6:27 PM
- Ingram Micro (NYSE:IM) is buying Docdata, a Dutch provider of order fulfillment, returns logistics, and online payment services for $175M. The deal is expected to close near the end of Q4, deliver over $150M/year in services revenue, and boost 2016 EPS by $0.05-$0.07.
- Docdata handles 125K-250K orders/day, and operates in the Netherlands, Germany, and the U.K. Ingram CEO Alain Monie: "Docdata's solutions are an excellent complement to our existing commerce and fulfillment offerings, including our rapidly expanding Shipwire service delivery platform. This acquisition is fully aligned with our strategic objective to leverage Ingram Micro's broad geographic reach and world class vendor and customer relationships, and we expect to accelerate Docdata's ability to drive rapid expansion of its services offerings across the continent and beyond."
- Ingram's Q3 report arrives on Oct. 29.
Sep. 11, 2015, 7:09 PM
- "Taiwan notebook ODM shipments increased 16% MoM in August, above our Citi Asia Hardware Analyst William Yang’s estimate of up 10% MoM and above the three year average of up 6% MoM," writes Citi's Chris Danely, arguing PC demand is improving after a very rough Q1 and Q2.
- Danely adds Intel (NASDAQ:INTC) has "indicated PC demand appears to have bottomed, and PC OEMs have started to replenish inventory driven by the Skylake processor ramp," and that Micron (NASDAQ:MU) has "stated DRAM spot prices have started to stabilize, which the company believes is a sign of a bottom in the PC market." IT distributor Ingram Micro (NYSE:IM) is also said to be seeing stabilizing demand.
- Wells Fargo's David Wong sings a similar tune. "There have been signs of a seasonal pickup in PC builds. Month of August sales data reported by Taiwanese notebook and motherboard/computer makers shows a clear month-over-month lift in PC builds in August, and solid growth in the first two months of the September quarter compared to the first two months of the June quarter."
- Likely helping: Windows 10 (free upgrade to Windows 7/8 users) launched in late July to decent reviews, and Intel has since gradually rolled out its 14nm Skylake CPU line. After starting off by launching the gamer/enthusiast-focused Core i7-6700K and Core i5-6600K desktop CPUs, Intel has rolled out the Skylake Y-series (meant for tablets and compute sticks), U-series (ultrabooks/convertibles), H-series (notebooks), and S-series (desktops). Sizable power/efficiency and GPU performance gains are generally promised relative to comparable 14nm Broadwell CPUs.
- Related tickers: MSFT, AMD, NVDA, STX, WDC, HTCH
- Two months ago: IDC estimates PC shipments fell 11.8% Y/Y in Q2
Jul. 31, 2015, 5:37 PM
Ingram Micro, Inc. is a global wholesale technology distribution company. It provides information technology supply-chain management, mobile device lifecycle services and logistics solutions. Ingram Micro distributes and markets a variety of technology and mobility products from leading... More
Industry: Computers Wholesale
Country: United States
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