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Anixter International Inc. Enters Into New $400 Million Revolving Credit Agreement (AXE)
Monday, April 11, 2011 - 6:36am | 222Anixter International Inc. (NYSE: AXE), a leading global distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts, today announced that its wholly-owned operating subsidiary, Anixter Inc., refinanced its senior unsecured...
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Arrow Electronics Hits 52-Week High (ARW)
Friday, April 8, 2011 - 9:14am | 33Arrow Electronics (NYSE: ARW) has hit a 52-week high in today's trading. At last check the year-to-date performance of Arrow has been a gain of 27.5%.
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ScanSource Expects Quarterly Sales of $608M to $617M
Friday, April 8, 2011 - 7:10am | 69ScanSource, Inc. (NASDAQ: SCSC) today announced that sales results for its quarter ended March 31, 2011 are expected to be in the range of $608 million to $617 million, compared to $496 million for the same period one year ago. On our April 28, 2011 quarter-end conference call, ScanSource...
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ScanSource to Acquire CDC Brasil
Friday, April 8, 2011 - 7:05am | 65ScanSource, Inc. (NASDAQ: SCSC) through its wholly-owned subsidiary, ScanSource do Brasil Participações LTDA, has entered into a definitive purchase agreement with CDC Brasil, S.A., Brazil's leading distributor of AIDC and point-of-sale solutions. CDC Brasil is a value-added distributor that...
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Richardson Electronics Reports Q3 EPS of $0.44
Wednesday, April 6, 2011 - 3:54pm | 155Richardson Electronics, Ltd. (NASDAQ: RELL) today reported sales and earnings for its third quarter. Net sales for the third quarter of Fiscal 2011 were $39.7 million, up 18.7% from net sales of $33.4 million during the third quarter of last year. Income from continuing operations during the third...
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Richardson Electronics Reports Announces $25M Share Repurchase
Wednesday, April 6, 2011 - 3:51pm | 40Richardson Electronics, Ltd. (NASDAQ: RELL) announced that its Board of Directors declared a $.05 quarterly cash dividend and authorized an initial share repurchase of $25 million to repurchase shares of the Company's common stock.
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Citi Maintains Buy on Tech Data Corp (TECD)
Wednesday, April 6, 2011 - 8:21am | 134Citi is out with its report today on Tech Data Corp (NASDAQ: TECD), maintaining Buy. In a note to clients, Citi writes, "Tech Data held an analyst day in New York to provide details of its overall strategy. Management also gave insights into the turn-around of the European business, and how the...
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Brean Murray Reiterating Buy On Tech Data Corp. (TECD)
Wednesday, April 6, 2011 - 7:53am | 151Brean Murray is reiterating its Buy rating and $60 price target on shares of Tech Data Corp. (NASDAQ: TECD). In a note to clients, Brean Murray writes, "Reiterate our Buy thesis and $60 target after attending Tech Data's analyst day. We believe TECD can continue driving operating margin expansion...
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Brean Murray Carret & Co Reiterates Buy Rating And Price Target On Tech Data
Wednesday, April 6, 2011 - 6:32am | 55According to Brean Murray Carret & Co, Tech Data Corp (NASDAQ: TECD) Buy rating is reiterated, as is its $60 price target. Brean Murray Carret & Co reported that it is reiterating the Buy thesis and price target after attending Tech Data's analyst day. Tech Data Corp closed yesterday at $...
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Earnings Scheduled For April 6 (MON, WDFC, BLUD, RT, BBBY, APOG, MSM, RELL, SMSC)
Wednesday, April 6, 2011 - 12:43am | 247Monsanto Company (NYSE: MON) is projected to report its FQ2 EPS at $1.85 on revenue of $4.15 billion. WD-40 Co (NASDAQ: WDFC) is projected to report its FQ2 earnings at $0.67 per share on revenue of $86.67 million. Immucor Inc (NASDAQ: BLUD) is expected to post its FQ3 earnings at $0.27 per...
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Barclays Upgrades Mellanox To Overweight, PT To $32
Tuesday, April 5, 2011 - 8:01am | 27Barclays has upgraded Mellanox (NASDAQ: MLNX) from Equal Weight to Overweight and has raised the price target from $25 to $32.
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Tech Data and Brightstar Announce U.S. Joint Venture
Monday, April 4, 2011 - 8:06am | 117Tech Data Corporation (NASDAQ: TECD) and Brightstar Corp., today announced they have entered in to an agreement to establish a U.S. joint venture named ActivateIT to capitalize on the fast-growing mobility market. ActivateIT™ will offer Tech Data's U.S.-based Value Added Resellers a centralized...
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Zacks Releases Four Powerful ''Buys'' (TJX, MFB, TECD, CWEI)
Friday, April 1, 2011 - 10:02am | 157Zacks has releases four powerful ''Buy'' names. They are Tech Data Corp (NASDAQ: TECD) The TJX Companies (NYSE: TJX), Clayton Williams Energy (NASDAQ: CWEI) and Maidenform Brands (NYSE: MFB). Clayton Williams Energy, Inc., an independent oil and gas company, engages in the exploration for and...
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Goldman Sachs Comments On TRI Analyst Day
Friday, April 1, 2011 - 8:17am | 260Goldman Sachs is providing a few comments on Thomson Reuters Corporation's (NYSE: TRI) analyst day. (1) “The focus is on the right places. Common platforms, aggressively resourcing the turnaround of the investment management (IM) business, and staking claim on emerging market economies,” Goldman...
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Avnet Electronics Marketing Americas Signs Distribution Agreement with Future Designs
Thursday, March 31, 2011 - 10:01am | 60Avnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE: AVT), today announced it has inked a distribution agreement with Future Designs, Inc.. The agreement between Avnet Electronics Marketing Americas and FDI, a full-service design and programming company with hardware,...