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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (5066)	10/30/2018 1:33:38 PM
From: richardred	Read Replies (1) \| Respond to of 7260

RE-CTG 10K- Significant Customers In the 2018 third quarter, International Business Machines Corporation (IBM) was the Company’s largest customer and accounted for $19.8 million or 22.0% of consolidated revenue compared with $18.6 million or 25.1% of consolidated revenue in the comparable 2017 period. In the 2018 year-to-date period, IBM accounted for $60.6 million or 22.8% of consolidated revenue compared with $57.9 million or 25.5% of consolidated revenue in the comparable 2017 period. During the 2017 third quarter, the National Technical Services Agreement with IBM was extended for two years and now expires on December 31, 2019. The Company’s accounts receivable from IBM at September 28, 2018 and December 31, 2017 totaled $24.4 million and $21.5 million, respectively. In the 2018 third quarter, SDI International (SDI) was the Company’s second largest customer and accounted for $7.1 million or 7.9% of consolidated revenue compared with $8.4 million or 11.3% of consolidated revenue in the comparable 2017 period. In the 2018 year-to-date period, SDI accounted for $20.6 million or 7.8% of consolidated revenue compared with $27.2 million or 12.0% of consolidated revenue in the comparable 2017 period. SDI acts as a vendor manager for Lenovo, and all of the Company's revenue generated through SDI is for employees working at Lenovo. The Company’s accounts receivable from SDI at September 28, 2018 and December 31, 2017 totaled $4.6 million and $4.7 million, respectively. No other customer accounted for 10% or more of the Company's revenue during the 2018 or 2017 third quarter or year-to-date periods. sec.gov