MAURER: Take a chance on Brightpoint shares
Here’s the new plan: Purchase the stock at $7.25 to $7.50 a share, and hope to realize a 15-percent to 20-percent gain
in the short term.
Brightpoint
Articles
Brightpoint reports higher revenue, earnings
Brightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.
Brightpoint, Comcast employees ramp up volunteer efforts
Brightpoint employees fanned out across Marion and Hendricks counties the week of April 17, donating more than 400 hours to
seven organizations. Comcast was expecting 1,000 volunteers to help organizations across the state on April 24.
Brightpoint cuts CEO’s pay by almost 35 percent
Robert J. Laikin earned $2.2 million in 2009, nearly 35 percent less than in 2008. Several other members of his management
team also took
substantial pay cuts.
Three Indiana companies among world’s most admired
Brightpoint, WellPoint and Cummins are recognized by Fortune magazine as being among the best in their industries.
Underrated entrepreneurs
The Indianapolis area is home to myriad unsung entrepreneurs who run interesting companies, make money and create good jobs.
Here are some of them.
Brightpoint profit up despite declining revenue
Wireless device distributor Brightpoint Inc. saw revenue decline in the fourth quarter, but the Indianapolis-based company
still managed to bounce back from $346 million year-ago loss with an $18.3 million quarterly profit.
Brightpoint increases stock repurchase to $80 million
Indianapolis-based cell phone distributor is buying back more shares as part of a settlement it reached in October with Denmark
holding company NC Telecom Holding A/S, which Brightpoint bought in 2007.
Brightpoint quarterly estimate below expectations
Cell phone distributor predicts fourth-quarter results below analyst estimates, sending shares down in aftermarket activity.
Brightpoint pays $31M for distribution facility
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility
in Plainfield.
Debt-shedding efforts start to pay off for Brightpoint
The wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with
the strongest balance sheets.
Brightpoint profit dips but beats expectations
Wireless device distributor Brightpoint Inc. said late Wednesday afternoon that profit and revenue both fell in the third
quarter because it sold fewer devices at lower prices.
Brightpoint repurchases shares in settlement
Indianapolis-based Brightpoint Inc. said Friday that it has entered into a settlement agreement with NC Telecom Holding A/S
to repurchase about 3 million Brightpoint shares from the Denmark holding company. NC Telecom owned Denmark-based Dangaard
Telecom before Brightpoint, the world’s biggest wireless phone distributor, bought the cell phone distributor in August 2007.
London hedge fund sues Brightpoint over failed acquisition
A London-based hedge fund has sued Brightpoint Inc. over a $10 million loan it alleges the Indianapolis-based cell phone distributor
fraudulently brokered in anticipation of an acquisition in France that never materialized.
Ex-Homeland Security chief Ridge named to Brightpoint board
Indianapolis-based wireless phone distributor Brightpoint Inc. has appointed Tom Ridge, the first secretary of the U.S. Department
of Homeland Security, to its board of directors, the company announced this morning.
Brightpoint profit slips, but beats expectations
Wireless device distributor Brightpoint Inc. said yesterday that profit and revenue fell in the second quarter because it
sold fewer of the devices, and at lower prices.
Brightpoint prices offering of 15 million shares
Wireless device distributor Brightpoint Inc. said today it has priced 15 million shares of a previously announced stock offering
at $5 each.
Brightpoint shareholder selling shares
Brightpoint Inc. said this morning shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering.
Brightpoint’s Danish deal not so sweet two years later
The cross-continent mega deal that made Brightpoint Inc. the world’s biggest wireless phone distributor
has lost much of its sheen two years after being struck. Brightpoint Inc. in August 2007 purchased Denmark-based
Dangaard Telecom for $385 million in stock and the assumption of $350 million in Dangaard debt.
Brightpoint adjusts as wireless demand finally cools off
After years of torrid gains in the number of wireless phones it handles, Brightpoint has had two consecutive comparable-quarter
declines.