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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Heibeck who wrote (21460)	12/13/1999 9:04:00 AM
From: flickerful	Read Replies (3) \| Respond to of 52051

IM...<<HP Adopts Integrated Distribution For Printing and Imaging Products; Ingram Micro and Tech Data Selected for Pilot Program>> PALO ALTO, Calif., Dec 13, 1999 (BUSINESS WIRE) -- Hewlett-Packard Company today announced an integrated distribution strategy for its printing and imaging products. As part of a six-month pilot program, Ingram Micro, Inc., and Tech Data Corporation have been selected to co-locate distribution and logistics operations at HP's North American distribution center. "HP's goal is to better manage inventory and increase product availability to the channel and customers," said Dave Hushbeck, supply-chain-development manager for HP's Imaging and Printing Systems. "The co-location pilot program is one element of an overall strategy to optimize our supply chain." Increased Supply-chain Efficiencies HP's selection of Ingram Micro and Tech Data for co-location is part of the company's strategy is to ship printing and imaging products in a faster, more efficient and cost-effective manner. HP also expects to deliver faster response to customers' orders. Consequently, resellers and end users should experience improved product availability. HP also anticipates that cost efficiencies will be gained through improved inventory management and the ability to reduce overall channel inventory. "This pilot program is a first for the peripheral-products industry and has the potential to help reduce costs, eliminate excessive product touch, and shave seven to 10 days of delivery time from conventional delivery cycles," said Elio Levy, vice president and general manager, Peripherals Product Marketing for Tech Data. "This move enables HP to fully leverage our logistics expertise and advanced co-location capabilities." "By co-locating with HP, we are strengthening our commitment to streamlining the supply chain and providing HP with the most comprehensive programs and services to get its products to end users at a lower total cost," said Cheryl Shiroke, vice president of product management and peripherals general manager at Ingram Micro. About Ingram Micro Inc. Ingram Micro Inc. (NYSE: IM), headquartered in Santa Ana, Calif., is the world's largest wholesale provider of technology products and services, and is a leader in assembly and integration services with sales of $26.5 billion for the past four reported quarters. The company and its subsidiaries operate in 34 countries and distribute more than 225,000 products to more than 140,000 resellers in 130 countries. Ingram Micro can be found at ingrammicro.com. About Tech Data Tech Data Corporation (NASDAQ/NMS: TECD), founded in 1974, is a leading full-line distributor of more than 75,000 technology products worldwide. The Fortune 500 company and its subsidiaries distribute to more than 70 countries and serve over 100,000 resellers in the United States, Canada, the Caribbean, Latin America, Europe and the Middle East. Tech Data provides extensive pre- and post-sale training, service and support as well as high-quality configuration and assembly services and a full range of electronic commerce solutions. The company generated sales of $11.5 billion in its most recent fiscal year, which ended January 31, 1999. About HP Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services for business and home -- is focused on capitalizing on the opportunities of the Internet and the proliferation of electronic services. HP plans to launch Agilent Technologies as an independent company by mid-calendar 2000. Agilent consists of HP's test and measurement, semiconductor products, chemical analysis and healthcare solutions businesses, and has leading positions in multiple market segments. HP has 83,200 employees worldwide and had total revenue from continuing operations of $42.4 billion in its 1999 fiscal year. Information about HP, its products and the company's Year 2000 program can be found on the World Wide Web at hp.com. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Hewlett-Packard David Thiel, 208/396-4298 david_thiel@hp.com WEB PAGE: businesswire.com GEOGRAPHY: CALIFORNIA INDUSTRY CODE: COMPUTERS/ELECTRONICS HARDWARE PRODUCT