Ingram Micro net rises, helped by legal pact
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Ingram Micro Inc. , the world's largest computer products distributor, posted a higher quarterly profit on Thursday, helped by a legal settlement and a lower tax rate.
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In a preliminary report, I.B.M. said its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.
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The personal computer maker said its net income increased to $733 million, benefiting from lower costs for disk drives, microprocessors and other components.
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Second-quarter earnings at International Business Machines Corp. rose 12 percent and beat Wall Street forecasts Wednesday, largely on the strength of IBM's software division and improvement in its services unit.
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Key investments are starting to pay off for the enterprise software operator.
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The maker of open-source software said higher revenue from subscriptions for its Linux operating software propelled its results.
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Technology industry bellwether IBM has reported a healthy rise in net income in the third quarter, but its overall results were hampered by a $320m legal settlement related to its employee pension plan.
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(InfoWorld) - Ingram Micro will distribute Google's Search Appliance and Google Mini enterprise search devices, a deal intended to accelerate sales of the products, the companies announced Wednesday. Google, which has sold about 9,000 of the devices to date, expects the distribution deal with Ingram to boost sales in particular among SMBs. Ingram, with its distribution network of more than 165,000 retailers and resellers worldwide, is also expected to help increase sales internationally as well as in the government and education sectors. "The only way to meet the growing demand for the products is to go through channels," said Rodrigo Vaca, channel marketing manager of the Google Enterprise unit. Vaca declined to provide details of the effect Google hopes the deal will have on sales. "We expect this to have a significant impact," he said. Google already has deals in place with regional distributors in Japan, Australia, and parts of Latin Americaand expects the Ingram relationship to be complementary to those arrangements, Vaca said. The Ingram deal will initially focus on the U.S. and will expand to other regions like Latin America, Europe, and Asia-Pacific later this year, he said. So far, Google has sold the products almost exclusively via its own direct sales staff in the U.S. and Europe. "Our strategy is to have our direct sales force work hand-in-hand with the channel," he said. As part of the agreement, Ingram will provide sales assistance, marketing resources, credit help, and technical support to the resellers that carry the Google products. The Ingram deal isn't exclusive, Vaca said. In a news release, Ingram, which distributes hundreds of thousands of IT products from about 1,400 suppliers, said the deal strengthens the menu of wares it can offer to its channel partners. The Search Appliance and Google Mini are server-side hardware devices loaded with Google's search engine software designed to let companies index and find information stored on corporate servers. Although Google generates most of its revenue from search engine advertising in the consumer market, company officials have said they are committed to its Enterprise unit, which, in addition to the search devices, also markets business software. The Google Mini, designed for SMBs or departments within large organizations, starts at $1,995 with a capacity to index 50,000 documents. It tops out at 300,000 documents. The Search Appliance, which is more powerful and has more features, starts at $30,000 with a 500,000-document capacity and tops out at 30 million documents. The Google products typically cost less than more sophisticated enterprise search products and are designed to be easier to install, manage, and use. However, analysts generally agree that the Google products don't match the feature set of high-end enterprise search products from companies like Autonomy and Fast Search & Transfer.
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MBNA Corp., a large credit card  issuer, on Thursday said fourth-quarter profit rose, helped by  improved credit quality.
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The company said it earned $256 million in the first quarter, tied to the performance of its Latin American business, and it raised its forecast for the year, sending shares up.
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Hard-to-find-R-US Ingram Micro has expanded its deal with the intriguing StarTech.com into the UK.â¦
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The large maker of business software applications said its third-quarter profit rose 10 percent on an increase in license sales.
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Ingram Micro, a worldwide distributor of computer products, will acquire Tech Pacific for $493 million in cash, including debt. Ingram expects the deal to close by the end of 2004 and expects it to be accretive
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In a move the company says significantly strengthens its position in the growing Asia Pacific region, distributor Ingram Micro Inc.
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Ingram Micro Inc. will distribute Google Inc.&#39;s Search Appliance and Google Mini enterprise search devices, a deal intended to accelerate sales of the products, the companies announced Wednesday.
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Shares rose on Monday after an investment deal raised hopes that wealthy foreign investors would come to the rescue of Americaâs ailing investment firms.
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Ingram Micro will distribute several Google enterprise search tools and services.