Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : HS - CHS Electronics -- Ignore unavailable to you. Want to Upgrade?

To: D-1 who wrote (1445)	7/1/1999 3:45:00 PM
From: Bill Fortune III	Read Replies (1) \| Respond to of 1494

Thursday July 1, 3:16 pm Eastern Time Company Press Release SOURCE: CHS Electronics, Inc. CHS Electronics Enters Australian Market with Acquisition of Computer Hardware of Australia MIAMI, July 1 /PRNewswire/ -- CHS Electronics, Inc. (NYSE: HS - news), a leading international distributor of IT products and services, announced today that it has completed the acquisition of Computer Hardware of Australia (CHA), the third largest wholesale distributor of IT products in Australia. CHA is expected to generate sales of approximately $65 million for its fiscal year ended June 30, 1999. Under the terms of the agreement, the purchase price for CHA will be established on an earn-out basis according to its future financial results over a two year period. In addition, the senior management team at CHA will continue to manage the business and its existing relationships with vendors and customers…. biz.yahoo.com Regards, Bill Fortune III