Technology Distributors

GTSI (NASDAQ: GTSI) announced today that its Board of Directors has authorized a share repurchase program pursuant to Rules 10b5-1 and 10(b)-18 of the Securities Exchange Act of 1934 permitting the Company to repurchase up to $5,000,000 in shares of the Company's common stock. This program is...

Tech Data Corporation (NasdaqGS: TECD) today announced the launch of the Lenovo ThinkPad Tablet to its channel of more than 60,000 resellers in the United States. The ThinkPad Tablet is Lenovo's first business-class Android-based tablet, offering a layered security solution, IT manageability and an...

Mellanox® Technologies, Ltd. (NASDAQ: MLNX) today announced that Eyal Waldman, chairman, president and CEO, and Michael Gray, chief financial officer, have each adopted a stock trading plan to sell a portion of their ordinary shares of the company in an orderly manner. Each plan adopted is in...

Shares of Tech Data (NASDAQ: TECD) are higher on the session by 3.83%, currently trading at $42.84. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the September...

Arrow Electronics, Inc. (NYSE: ARW) announced that the company has entered into a $1.2 billion five-year credit agreement, replacing the $800 million revolving credit facility and $200 million term loan that were scheduled to expire in January 2012. The new revolving credit facility expires on...

GTSI Corp. (NASDAQ: GTSI) today announced that it has sold its 37% ownership interest in Eyak Technology, LLC (EyakTek) to EyakTek for $20 million in cash. On August 19, 2011, GTSI entered into a Settlement and Redemption Agreement with The Eyak Corporation, Global Technology Group and EyakTek to...

Citi Investment Research is out with a research report on Tech Data Corp (NASDAQ: TECD) and is lowering its price target to $54 from $63, but is reiterating its Buy rating on shares. In a note to clients, Citi Investment Research writes, "TECD reported revs and EPS upside driven by above-seasonal...

Ciitgroup has lowered the price target on Tech Data Corporation (NASDAQ: TECD) from $63 to $54 and maintains its Buy rating.

Below are the top small-cap industrial equipment wholesale stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Anixter International Inc (NYSE: AXE) for the next year ending December, 2012 is $6.45 per share. AXE's PEG ratio is 0.60. WESCO...

Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts were...

Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts...

By Ian Edwards For companies committed to corporate social responsibility (CSR), there is a belief that all those good deeds will be rewarded with new business, but there is scant hard evidence. Image Microsystems (IM), of Austin, Texas, stands as one of the few companies that can ascribe new...

Stifel Nicolaus is out with its report today on Anixter International (NYSE: AXE), lowering its PT to $82 from $85.50. In its report, Stifel Nicolaus writes, "We maintain our Buy rating and are decreasing our target price to $82.00 from $85.50. Our target price is based on 13.5x our 2012 EPS...

GTSI Corp. (NASDAQ: GTSI) announced today that it has completed the acquisition of Information Systems Consulting Group, Inc., a privately held Federal IT professional service provider.

Anixter International Inc. (NYSE: AXE) today announced that it has entered into a definitive agreement to sell its Aerospace Hardware Division to entities controlled by Greenbriar Equity Group LLC. Under the terms of the agreement Anixter will receive $155 million in cash, subject to a net working...