Tag: CDW
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CDW Earnings Down on Slack Margins and Sales Reorg
Categories: News and TrendsDirect reseller distributor CDW reported $1.74 billion in revenue Oct. 18, for the third quarter of 2006, up 4.1 percent for the same period last year, but $20 million shy of market estimates. CDW, of Vernon Hills, Ill., and analysts attributed the weaker-than-expected performance to down margins and the ongoing transformation of the sales organization… Read more
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Report: CDW, Direct-Market Distributors Running on Strong Margins
Categories: News and TrendsDirect-market IT distributors such as CDW, Insight and PC Connection are outpacing their peers on the Nasdaq and S&P boards on strong margins and acquisitions, says a report by Raymond James and Associates. The distributors beat their market averages in growth during the third quarter but face challenges and slower growth in the next three… Read more
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CDW Looking to Acquire Cisco, IBM and Microsoft VARs
Categories: News and TrendsCDW will build a solutions and services practice around Cisco, IBM and Microsoft by acquiring VARs that support those vendors, the company told The Channel Insider. The reseller, based in Vernon Hills, Ill., announced on Sept. 19 its intention to purchase Berbee, a large solution provider based in Madison, Wis., with Cisco, IBM and Microsoft… Read more
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Who’s Afraid of CDW?
Categories: News and TrendsOnline retail giant CDW’s acquisition of a Midwestern VAR this week to beef up its services and solutions business is sure to have some VARs nervous about increased competition. It’s an understandable fear, but whether it is warranted depends on how these VARs have been running their businesses and what they have set as strategies… Read more
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CDW Picks Up Midwest VAR in Preview to Potential Spree
Categories: News and TrendsCDW’s acquisition this week of Midwest VAR Berbee Information Networks for $175 million is a sign of things to come. The online volume reseller plans to make more acquisitions as it seeks to expand its solution and services capabilities. Berbee, one of the nation’s largest solution providers, adds network infrastructure, unified communications, storage, security and… Read more
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CDW Sets Sights on $10B in ’08
Categories: News and TrendsDirect reseller CDW has set a 2008 target of reaching $10 billion in sales, nearly 60 percent growth, an indication, analysts said, that the company is likely mulling a major acquisition. In an April 7 letter to investors, CEO John A. Edwardson said the company was striving to the reach the double-digit number by 2008,… Read more