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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Harry Landsiedel who wrote (67561)	9/13/1999 6:30:00 AM
From: Steven N	Read Replies (1) \| Respond to of 97611

Monday September 13, 6:00 am Eastern Time Company Press Release SOURCE: Pinacor, Inc. Pinacor Reaches Milestone of $1 Billion in Compaq Sales For Second Year in a Row Distributor Launches Revolutionary New Virtual Inventory System to Create Virtual Distribution Channel for Compaq Products in the United States TEMPE, Ariz., Sept. 13 /PRNewswire/ -- Pinacor, Inc., a leading distributor of technology products and services, has sold more than $1 billion of Compaq Computer Corporation (NYSE: CPQ - news) products to U.S. and Latin American resellers during the company's FY '99. This is the second year in a row that Pinacor has reached this sales milestone with Compaq. In addition, Pinacor has developed a revolutionary new virtual inventory system to provide expanded product availability for its resellers and to create a virtual distribution channel for Compaq inventory. ''The long-standing relationship between Pinacor and Compaq continues to grow as we partner together to distribute leading products to the channel,'' said Michael Pocock, Compaq's vice president of channel sales, North America. ''Pinacor's first year of $1 billion in Compaq sales in 1998 was an outstanding achievement for both companies. Reaching this goal two years in a row reinforces Pinacor's and Compaq's growing strength in the market.'' As a benefit of Compaq's new Distribution Alliance Partnership (DAP) program, Pinacor has increased the amount of Compaq inventory available to its resellers. Pinacor has formed strategic alliances with Compaq's DAPs, and plans to co-locate with at least one DAP in Houston to provide efficient integration and delivery services to its customers. Pinacor has implemented a virtual inventory system to provide its resellers with comprehensive and immediate access to a variety of products available at the warehouses of Pinacor's partners. Pinacor's virtual inventory system displays not only the inventory available at Pinacor's distribution centers throughout the United States, but also transparently displays inventory available at Compaq's DAP warehouses. Pinacor has been delivering Compaq products to its customers from its own warehouses, as well as from the facilities of Compaq's DAPs, for several months in anticipation of the transition to the DAP program. ''Pinacor is committed to delivering the best technology products available in the industry to our resellers and their customers,'' said Jim Manton, president of Pinacor. ''Pinacor's virtual inventory system will provide increased Compaq inventory availability, along with the competitive pricing advantage that comes from being a proven billion-dollar Compaq partner.'' Pinacor provides market-leading technology products and innovative services to resellers, VARs, dealers, and systems integrators from industry-leading suppliers. With a suite of technical, financial and account management benefits, the company offers convenient, simple and efficient services to more than 25,000 resellers. Using electronic commerce to streamline the delivery of efficient technology solutions and services, the company supports customers worldwide from strategic hubs in the United States and Latin America. Pinacor has more than 20 years of experience in the information technology distribution channel and was founded as part of MicroAge, Inc., a Fortune 500 provider of global technology solutions. Based in Tempe, Ariz., the company is the third largest technology distributor in the United States and has a growing presence in Latin America. The company reported FY 98 revenue of $5 billion. This press release may include forward-looking statements, which may include projections of Revenue and Net Income and issues that may impact Revenue or Net Income; plans for future operations including restructuring, financing needs or plans, or plans relating to products or services of the Company; possible financial options for Pinacor; projection of capital expenditures; changes in supplier payment terms as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Some of the important factors that could cause future events and actual results to differ materially from those projected in forward-looking statements include, but are not limited to, intense competition; narrow margins; dependence on supplier incentive funds; product supply and dependence on key vendors; potential success of acquisitions or investments; and the capital intensive nature of the Company's business. Please refer to Part II, Item 7 of the Company's Report on Form 10-K for the fiscal year ended November 1, 1998, for a discussion of some of the important factors that could cause the Company's actual results to differ materially from those projected in forward-looking statements made by the Company. SOURCE: Pinacor, Inc. biz.yahoo.com sn