Dell competition
Does anyone think that Ingram Micro could eventually be trouble for Dell. Please read the below 2 news articles. The Memphis plant has only been open since mid-March, so their last earnings report did not really reflect it too much although they did beat consensus estimates by 3 cents. Next earnings report should tell more. Judging by the performance of the stock, I think they have a good idea here.
Wednesday March 11, 12:38 pm Eastern Time
Company Press Release
SOURCE: Ingram Micro Inc.
Ingram Micro Opens Memphis Facility That Will Launch Leading Computer Makers To New Levels In Build-To-Order PC Market
New Plant is Cornerstone of Worldwide Frameworks Program Led By Five PC Industry and Channel Assembly Veterans To Bolster Sales For IBM, Compaq, HP and Other Major Brands
MEMPHIS, Tenn., March 11 /PRNewswire/ -- Ingram Micro (NYSE: IM - news) today handed major computer manufacturers the ability to build and deliver thousands of custom-configured PCs on a scale unlike any in the wholesale technology distribution channel. Today marked the grand opening of the first of five planned global megacenters for PC channel assembly and integration, with the ability to deliver product anywhere in the world in a matter of days.
Ingram Micro's half-million-square foot Memphis facility, the cornerstone of its global Frameworks(TM) Total Integration Services channel assembly program, can be expanded to produce up to two million custom-configured computer systems per year for companies like IBM, Compaq and Hewlett-Packard. With the flip of a switch on its assembly line, Ingram Micro has given brand names a way to provide resellers with the made-to-order systems customers are more frequently demanding. Ingram Micro can build and ship an approved order within three days.
Ingram Micro's reseller customers stand to profit from the company's competitive turnaround time. Debbi E. Milner, president of Jade Systems Corporation, headquartered in Long Island City, NY, said, ''There is a need for resellers to remain profitable in our business. With Ingram Micro's custom configuration and channel assembly offering, we can focus on servicing and selling to our customers, which is what we do best. Ingram Micro's product selection, quality assurance and unparalleled delivery make them uniquely qualified to provide custom configuration and channel assembly services.''
Working with Ingram Micro, the major manufacturers can now offer large and small business customers systems tailored to their specific needs via the reseller channels that provide the service and expertise to make them work right.
''This plant effectively combines the best of both the direct and two-tier models. Ingram Micro's channel assembly program, in partnership with its suppliers and resellers, matches the cost-effectiveness and fast time-to- market of the direct model, while offering the full sales, service and support provided by resellers,'' said Ed Pensel, senior vice president of global configuration operations.
The Memphis integration facility is strategically located within 30 miles of Ingram Micro's 600,000 square foot state-of-the art distribution center in Millington, Tenn.
Top-line executive team to lead Frameworks' worldwide expansion
Memphis is the first of five Frameworks facilities planned around the world. In addition to Pensel, Ingram Micro has assembled a five-person executive team with deep experience in PCs and custom configuration to lead Frameworks. They are:
* Chuck Dow, vice president of quality, Ingram Micro Frameworks, also former director of worldwide quality assurance at AST Computer; * Craig M. Hayes, vice president of operations, Ingram Micro Frameworks, who formerly held managerial and director-level positions in engineering and manufacturing at AST Computer; * A. Saeed Ghaderi, vice president of engineering, Ingram Micro Frameworks, former vice president of quality at Dell Computer and director of quality engineering at 3COM Corp.; * Mark Mahoney, vice president of Sales, Ingram Micro Frameworks, who has spent eight years with Ingram Micro as a sales manager and senior director; * Tom Lohnes, vice president global materials, Ingram Micro Frameworks, an eight-year veteran of Dell Computer where he held several positions, including strategic procurement manager, director of materials for North American operations, and director of worldwide OEM partner development for portable products.
Ingram Micro plans to follow Memphis with a channel assembly megacenter in Europe by the fall of 1998, then expand into Asia, South America and Canada throughout 1999. All of the proposed integration centers will utilize the same technology and processes.
About Ingram Micro Inc.
Ingram Micro Inc., headquartered in Santa Ana, Calif., is the world's leading wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with 1997 sales of more than $16.5 billion. The company and its affiliates operate in 31 countries distributing more than 145,000 products to more than 100,000 resellers in 120 countries.
Tuesday May 19, 4:00 am Eastern Time
Company Press Release
SOURCE: Ingram Micro, Inc.
Ingram Micro Announces European Integration Center
Company to acquire assembly assets of Tulip Computers
SANTA ANA, Calif., May 19 /PRNewswire/ -- Ingram Micro Inc.(NYSE: IM - news), the world's leading wholesale distributor of technology products and services, today announced an agreement with The Netherlands-based Koninklijke Begemann Group N.V. to acquire the assembly facilities of Tulip Computer N.V.
The Ingram Micro acquisition of the Tulip assets is contingent upon The Begemann Group's successful completion of its purchase of Tulip, which remains subject to reaching definitive agreement on certain aspects of the transaction and receipt of all required approvals. The parties have initially targeted early June 1998 as the possible closing date for these transactions.
Ingram Micro will acquire a long-term lease for approximately 18,200m2 of assembly, warehouse and office space located in 's-Hertogenbosch, The Netherlands, and certain equipment and other assets related to the assembly and warehouse operations. The current capacity of the facility is approximately 1.1 million units per year. In addition, Ingram Micro also plans to extend offers of employment to approximately 145 Tulip employees.
''We are extremely pleased to announce the second of our five planned global integration centers,'' said Ed Pensel, senior vice president, global channel assembly. ''The Netherlands facility is a highly automated plant employing experienced people using state-of-the-art manufacturing systems, i.e., SAP. The facility is strategically located, providing a centralized hub to better serve our Frameworks customers in Europe.''
Frameworks(TM) Total Integration Services is Ingram Micro's worldwide channel assembly and configuration initiative that delivers customized, fully- tested systems to resellers. The first global integration center was announced on March 11, 1998 in Memphis, Tenn.
As part of the transaction, Ingram Micro expects to enter into an agreement with Tulip to provide assembly services for its products.
About Ingram Micro Inc.
Ingram Micro Inc. (NYSE: IM - news), headquartered in Santa Ana, Calif., is the world's leading wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with 1997 sales of more than $16.5 billion. The company and its affiliates operate in 31 countries, distributing more than 145,000 products to more than 100,000 resellers in 120 countries. Ingram Micro can be found at www.ingrammicro.com.
About Koninklijke Begemann Group N.V.
Koninklijke Begemann Group N.V. is an investment company with an industrial basis. Begemann has a direct interest in 24 largely industrial companies and 10 real estate companies.
About Tulip Computers
Tulip Computers N.V. is a holding group of companies active in the development, manufacture, marketing, distribution and servicing of professional microcomputer and network systems, as well as accessories and related devices.
Ingram Micro is a trademark used under license by Ingram Micro Inc. All other logos, brand names and product names are trademarks of their respective companies.
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