BrightPoint’s $840M sale ends wild ride for CEO Laikin
Bob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
Brightpoint
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UPDATE: BrightPoint sale follows tough stretch for firm
Given the soft cell phone market and Brightpoint’s recent struggles, a sale to California-based Ingram Micro for about $840 million makes sense, analysts say. The two companies announced the acquisition early Monday morning.
UPDATE: Brightpoint’s planned sale spawns uncertainty
The $840M deal, which would eliminate one of Indiana’s six Fortune 500 companies, is casting uncertainty over Hendricks County, where the company is one of the largest employers.
BrightPoint to be acquired for $840M by California firm
Indianapolis-based BrightPoint Inc. has agreed to be acquired by California-based Ingram Micro Inc. for about $840 million, the two companies said early Monday morning.
Largest Indiana public companies mostly fared well in 2011
Performance varied widely as industries ebbed, flowed.
Struggling BlackBerry maker could be drag on BrightPoint
BlackBerry maker Research In Motion Ltd., which said it wouldn’t turn a profit this quarter, accounts for about 10 percent of BrightPoint’s distribution business.
BrightPoint stock sinks on lower earnings report
BrightPoint Inc. stock fell as much as 12 percent early Friday morning following disappointing first-quarter earnings that prompted the company to lower its 2012 financial forecast.
BrightPoint making local employment cutbacks
BrightPoint Inc. has laid off an undisclosed number of its local employees and decided not to fill another 120 open positions, the Indianapolis-based company acknowledged Thursday.
Brightpoint shares slide after it lowers forecast on loss of customer
Shares of the wireless-device logistics provider fell more than 8 percent Wednesday morning after the company lowered its annual earnings guidance in response to the loss of a major customer.
Brightpoint posts record revenue for 2011
The Indianapolis-based provider of logistics services to the wireless-phone industry said it earned $48.8 million on revenue of $5.24 billion last year.
Battle between phone rivals spills into the courtroom
Brightpoint sues Miami rival Brightstar twice in one week over its hiring of two former executives of the local wireless-phone distributor.
Brightpoint suing former exec in trade secret dispute
The Indianapolis-based wireless distributor accuses Mitch Black, who left Brightpoint last year, of taking company trade secrets to a new job with a direct competitor. Brightstar Corp. also is named in the lawsuit.
Brightpoint ramping up repair services
Cell phone distributor views used market as lucrative.
Brightpoint earnings rise as revenue soars
Increased distribution and demand for smartphones drove Brightpoint Inc.’s third-quarter revenue up 51 percent, to $1.34 billion, the company said after markets closed Thursday.
Brightpoint opens logistics facility in Plainfield
The 200,000-square-foot center is Brightpoint’s third “reverse logistics” and repair facility. The others are in Puerto Rico and Fort Worth, Texas.
PROXY CORNER: Brightpoint Inc.
Indianapolis-based Brightpoint Inc. provides worldwide distribution and integrated logistics services to the wireless communications industry.
Smarter product mix boosting Brightpoint
Mobile-phone distributor Brightpoint Inc. is a wireless industry middleman, constantly trying to strike deals with competing manufacturers and carriers, to gain market share in distributing the world’s high-priced smartphones and tablets.
Proliferation of smartphones fuels big jump in Brightpoint profit
Second-quarter revenue was $1.23 billion, well ahead of the consensus estimate of $1.09 billion and 57 percent ahead of the same quarter a year earlier.
Merger of cell phone titans takes glow off Brightpoint
Some analysts say investors overreacted to the risk Brightpoint would lose T-Mobile as a customer. Merriman Capital's Scott Searle estimates the earnings impact from losing that client would be “dramatically less than investors originally feared” and “is more than adequately reflected in the stock price.”
Federal judge dismisses Brightpoint fraud suit
A London-based hedge fund sued Brightpoint over a $10 million loan it alleged the Indianapolis-based mobile phone distributor fraudulently brokered in anticipation of an acquisition that never materialized.