Tuesday April 24, 8:13 am Eastern Time
Press Release
Comdisco Electronics Supports ELMOS Semiconductor's Multi-Million Dollar Fab Expansion With Equipment Lifecycle Management Program
Comdisco Electronics Delivers Industry-Leading, Cost-Saving Equipment Acquisition, Optimization and Disposition Services To ELMOS
SAN DIEGO--(BUSINESS WIRE)--April 24, 2001-- Comdisco Electronics, a division of Comdisco Inc. (NYSE:CDO - news), a global technology services company, today announced it will provide ELMOS Semiconductor AG, one of the leading manufacturers of Application Specific Integrated Circuits (ASIC's), with a full range of equipment lifecycle management services to assist with ELMOS' multi-million dollar fab expansion project in Dortmund, Germany.
Under the program, Comdisco is helping ELMOS align equipment strategies with immediate and long-term business goals through cost-effective equipment acquisition, optimization and disposition services. Comdisco's market and equipment specialists are applying global equipment sourcing and remarketing capabilities to help ELMOS quickly expand capacity and capture more value for underutilized or redundant equipment.
``We found Comdisco to be exceptionally qualified to support our production needs because they know the electronics industry and know how to get the most out of equipment investments,'' said Bernd Engler, chief financial officer for ELMOS. ``Their market presence, equipment expertise and proven track record complements our global business goals and free us to focus on what we do best -- producing the most advanced ASIC products for our global customer base.''
``With companies facing shorter equipment lifecycles, changing projects and applications, and higher equipment costs, we are seeing a growing demand for a better way to manage equipment,'' said Roger Innes, president of Comdisco Electronics. ``Comdisco combines a unique range of value-added equipment services with financial solutions and years of market knowledge to help our customers maintain financial and operational flexibility, enhance productivity, and increase returns on their capital expenditures. The agreement with ELMOS is a great example of this.''
About ELMOS Semiconductor AG
ELMOS (www.elmos.de) is one of the leading manufacturers of ASIC's, Application Specific Integrated Circuits. Pioneering systems for the future are being realized through the integration of analog and digital sections on one chip. ELMOS is the pacesetter in the development and production of these affordable, space-saving and robust components.
About Comdisco
Comdisco (www.comdisco.com) provides technology services worldwide to help its customers maximize technology functionality, predictability and availability, while freeing them from the complexity of managing their technology. The Rosemont, Ill. company offers a complete suite of information technology services including business continuity, managed Web hosting, storage and IT Control and Predictability Solutions(SM). Comdisco offers equipment solutions to key vertical industries, including semiconductor manufacturing and electronic assembly, healthcare, telecommunications, pharmaceutical, biotechnology and manufacturing. Through its Ventures division, Comdisco provides equipment leasing and other financing and services to venture capital backed companies. The company's revenue for the 12 months ended Dec. 31, 2000 was $3.9 billion.
About Comdisco Electronics
Comdisco Electronics, a division of Comdisco Inc., is a provider of capital equipment acquisition, optimization, and disposition services to the global electronics manufacturing industry. These services include Web-enabled equipment remarketing and disposition; equipment reconditioning; the purchase of surplus equipment; and alternative financial strategies such as equipment leasing, acquisition, and upgrade planning. Comdisco Electronics' customized equipment management strategies help customers mitigate technology risk, reduce and control costs, and increase profitability.
Comdisco is a registered trademark of Comdisco Inc. Other company names are trademarks of their respective organizations.
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Contact:
Comdisco Electronics
Sergio Perez, 858/550-7430
smperez@comdisco.com
or
Fleishman-Hillard
Jessica Bongers, 619/237-7720
bongersj@fleishman.com |
