Latest letter is a mixture of assurances, clarifications and taking care of business.
Stories by Mike Gee
Ingram Micro has released an FAQ on its recent acquisition by Tianjin Tianhai Investment Company for $US6 billion. It answers 19 questions many people have been asking and provides a good backgrounder to the deal.
Australia has a small but significant sentence in Ingram Micro's annual report for the 2015 financial year ended January 2, 2016: "Australia generated double-digit growth in local currencies driven by strength across most product lines, including solid performance in consumer sales, particularly PCs, tablets and smartphones."
Ingram Micro's fourth quarter sales have dropped 19 per cent in US dollars and 13 per cent on currency neutral terms when compared with the 2014 fourth quarter. However, there were mitigating circumstances.
Ingram Micro has entered into a separation agreement with President and Chief Operating Officer, Paul Read.
A US report claims there is already the whiff of opposition to the sale of Ingram Micro to Chinese company, Tianjin Tianhai Investment Co.
When the news broke last week that leading IT distributor, Ingram Micro had been acquired by Chinese company, Tianjin Tianhai, in a deal valued at $US6 billion, the distribution and ICT worlds shook a little.
Samsung has announced its next-generation flagship smartphones - the Galaxy S7 and Galaxy S7 Edge running Android 6 (Marshmallow). Both phones look strikingly similar to last year's models (the Galaxy S6 and Galaxy S6 Edge), but include features like a return to water resistance that was last seen in the Galaxy S5. The S7 has a 5.1-in. display while the S7 Edge features a 5.5-in curved display.
As journalists around the world scrabble to find out information about a company few - except for experts in Chinese business - know nothing about, the salient fact is that Tianjin Tianhai Investment Co Ltd, the buyer of Ingram Micro, is the front play for the real power behind the throne, HAN Group.
Leading IT distributor, Ingram Micro has been acquired by Chinese company,Tianjin Tianhai, in a deal valued at $US6 billion.
Australian SMEs have caught the innovation bug and are serious investors in the space, according to MYOB Business Monitor research findings.
Toshiba Corporation has announced that Toshiba Group will implement a series of management measures under a Toshiba Revitalization Action Plan. This plan will include reducing its headcount by 6800, about 30 per cent of its global total.
Distributor, Altech Computers, has gone into administration. A search of ASIC reveals the 18-year-old company appointed administrators, Andrew Scott and Daniel Walley, on December 3, 2015.
Microsoft opened its new flagship store in Sydney, the first outside of North America, with some pomp and circumstance, to a big crowd of several thousand - some of whom had been queueing since 6.15pm the night before. There was caps and water for virtually everybody, major prizes from the Microsoft range, and the first 750 through the door got two complimentary tickets to an exclusive Jessie J concert at the State Theatre. Microsoft executives from the US, civic and state government leaders, joined MIcrosoft Australia MD, Pip Marlow, and Sydney store manager, Nick Wells, in celebrating the opening of the super store. Photos by ARN Editorial Director, MIKE GEE.
Microsoft's new flagship store in Sydney, the first outside North America, will be all things to all people if the company has its way.
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