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.
Bob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
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.
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.
A social media command center will monitor the digital fan conversation via Facebook, Twitter and other platforms, and respond to visitors who need assistance.
County officials across Indiana scrambling to find money to pay for 911 emergency services say they aren't confident of getting help from state legislators, who might be leery of boosting cellphone fees during an election year.
Brightpoint sues Miami rival Brightstar twice in one week over its hiring of two former executives of the local wireless-phone distributor.
The bill being considered in the U.S. House would allow telemarketers and debt collectors to start dialing residents' cell phones and, if approved, would override Indiana's "Do Not Call" law and lead to a flood of robocalls, Greg Zoeller said.
About half the amount will go to domestic violence agencies, including the Indiana Coalition Against Domestic Violence, Domestic Violence Network of Greater Indianapolis and The Julian Center.
Concerns about growing cell phone use are prompting the Johnson County Board of Commissioners to crack down on cell phone towers to protect the landscape, residents and property values.
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.
Indiana residents who use only their cell phones will be able to add those numbers to the state's do-not-call registry to block unwanted telemarketing calls under a bill awaiting Gov. Mitch Daniels' signature.
Estimates released Wednesday by the federal Centers for Disease Control and Prevention showed that 33.5 percent of adults in Indianapolis, which encompasses Marion County, use cellphones and lack traditional wired telephones.
The city of Indianapolis plans to launch a free application for Apple devices such as iPhones, iPads and iPod Touches that will allow residents to report potholes, high weeds or stray dogs as they spot them.
Boost Media & Entertainment’s MyStationApp targets independent radio stations such as WTTS-FM 92.3 in Bloomington, which is having success with the product.
Customers waiting outside the Verizon Wireless store in Castleton early Thursday wanted two things: iPhones and warmth.