We have learned that DOW Electronics, a Florida-based satellite and electronics distributor, is adding Logitech’s Harmony remote control line to its expanding custom integration (CI) assortment. In addition, and perhaps more importantly, we are told that the company will be distributing the line on a national basis.
Distributors
Ingram Micro’s Q3 Financials Show Sales Up; Profits Down
Ingram Micro, Inc. released the financial results for their fiscal third quarter (the period ending Sept. 27, 2014) showing generally positive results. Sales for the quarter increased to $11.2 billion, a $1 billion or 11% increase over the $10.2 billion for the same period last year. According to Ingram Micro CEO Alain Monié, the increase was due primarily to “new wins” and “strong market share.”
But while gross profits were up, gross margins, operating income, and net income were all down for the period…and that fact led us to take a closer look.
See our report below on the financial results for Ingram Micro… [Read more…] about Ingram Micro’s Q3 Financials Show Sales Up; Profits Down
Bodley Exits PPC to Start a Company Selling What? Why PPC, Of Course
When Belden bought PPC at the end of 2012, Eric Bodley thought this was going to be great news for both PPC and its Perfect Path line, where since 2009 he had led the charge in establishing the cable and satellite connector company’s locking HDMI connectors into the custom integration channel. And while he would argue that this acquisition by Belden was, in fact, a good thing for PPC, he soon came to realize that there was a challenge for him that was difficult to address.
That realization led Bodley to leave Belden/PPC and start a new company – to sell PPC… [Read more…] about Bodley Exits PPC to Start a Company Selling What? Why PPC, Of Course
Ingram Micro Set Q2 Sales Record, But Net Profits Get Slammed by Reorganization Costs
Ingram Micro, Inc. reported the results for their fiscal second quarter and first half last week and the report was generally positive. The company noted that worldwide revenues in the quarter increased $600 million or 6% to a new Q2 record of $10.9 billion which they attributed to, among other things, “new mobility wins, robust networking sales and solid systems revenue in North America…strengthening retail and consumer markets in Europe; and better demand in Latin America.”
Ingram Micro’s press released barely mentioned that net income dropped during the quarter. But a closer look at its SEC filing showed a meaningful drop in net income of 27.4% for the quarter and 36.8% for the half.
If things are going so well, why the drop in net profits at Ingram Micro?… [Read more…] about Ingram Micro Set Q2 Sales Record, But Net Profits Get Slammed by Reorganization Costs
Velodyne Authorizes Powerhouse Alliance as National Distribution Partner for Subwoofers
Just one day after we reported on layoffs at Velodyne’s audio division, we received word from the company that it is authorizing the Powerhouse Alliance, a national group of distributors, for its line of subwoofers. The agreement will make Velodyne subwoofers available to Powerhouse Alliances’ nationwide network of retailers and installers.
See more on this new announcement from Velodyne… [Read more…] about Velodyne Authorizes Powerhouse Alliance as National Distribution Partner for Subwoofers
Are Investors Doing as Well as Ingram Micro Executives?
For many tech companies, the industry has never been more challenging than the period following the end of the 2007 economic recession. For most of us, we put on a brave face and tell anyone who asks that everything is fine. But executives in public companies have the added challenge of having their performance publicly announced…often subjecting management to rebuke from angry investors.
For the last two years, however, most public companies on Wall Street have enjoyed a significant comeback. And this comeback has led to substantial increases in remuneration for company executives – Ingram Micro included. But who has done better – investors in the company’s stock…or the company management?
See our analysis on Ingram Micro executive compensation below…Hint: it’s not even close… [Read more…] about Are Investors Doing as Well as Ingram Micro Executives?
Niche Speaker Manufacturer Cabasse Appoints Integra as U.S. Distributor
In a brief announcement today, Cabasse – a French loudspeaker manufacturer with a small niche following here in the U.S. – announced that it has appointed electronics brand Integra as its “exclusive” distributor for the United States. This new relationship takes effect retroactively to March 1, 2014.
See more on this announcement which some industry observers found strange… [Read more…] about Niche Speaker Manufacturer Cabasse Appoints Integra as U.S. Distributor
AVAD Hit by Significant Layoffs Associated with Ingram Micro Restructuring
BREAKING NEWS
In a story that has largely flown under the radar in our industry but is being widely discussed at street level, Ingram Micro has announced plans it calls its “global organizational effectiveness program” that, among other things, calls for substantial layoffs in its North American operations. These layoffs will hit a division that is one of our industry’s largest distributors of custom integration products, known to most of us as AVAD.
Details of the restructuring are incomplete…but what we know so far appears sobering… [Read more…] about AVAD Hit by Significant Layoffs Associated with Ingram Micro Restructuring
The DaVinci Group Adds New Sales & Distribution Partners
The DaVinci Group (TDG) announced that it has added new partners to its sales representative and distribution network, expanding its sales force backbone to help better serve dealers and integrators as the company continues to grow. The Ontario, CA-based company launched at the end of last year and says it has experienced rapid growth through the end of 2013. This growth continues to accelerate as the company brings more regions on board,
See which reps and distributors have joined TDG as well as what regions they serve… [Read more…] about The DaVinci Group Adds New Sales & Distribution Partners
Catalyst AV’s 1st Birthday: What a Difference a Year Makes
We first reported on the formation of a new distributor group called Catalyst AV almost exactly one-year ago in December 2012, just prior to their formal launch at the International Consumer Electronics show this past January. While the concept of a national association of regional distributors was not a new phenomenon – various groups started forming back in the mid- to late-1990s – this particular announcement had some added drama with several of the initial members unilaterally defecting from competitor DDG.
