Brightpoint

BrightPoint capitalizes on tech trend: 'wearables'

June 14, 2014
Dan Human
Officials at BrightPoint Inc.—a company once so tied to the cell phone industry it used the ticker symbol “CELL”—today speak as fondly of athletic bands as they do Androids.
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Florida rival scoops up another ex-BrightPoint executive

April 15, 2014
 IBJ Staff
A competitor that once feuded in court with BrightPoint Inc. over the recruitment of executives has hired another top officer from the mobile-phone distribution and logistics company now known as Ingram Micro Mobility.
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BlackBerry woes hamper sales for BrightPoint, analysts say

October 28, 2013
Dan Human
Revenue at the Indianapolis-based provider of mobile-device logistics and distribution fell some $250 million short of expectations in the third quarter, as major customer BlackBerry saw even bigger sales declines.
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BrightPoint operations move HQ amid parent's reorganization

May 31, 2013
Dan Human
Ingram Micro has reorganized all of its divisions and laid off 120 people worldwide, according to an SEC filing. Firm officials have declined to comment on employment for the former BrightPoint operations in central Indiana.
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Former BrightPoint exec joins Angie’s List as COO

January 17, 2013
Scott Olson
J. Mark Howell will join the Indianapolis-based public company March 1. Howell previously spent 18 years as an executive with BrightPoint Inc., which was acquired in October by California-based Ingram Micro Inc.
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BrightPoint executive Howell stepping down

January 7, 2013
Dan Human
A longtime high-ranking executive for BrightPoint Inc. in Indianapolis will resign effective Jan. 18, three months after California-based Ingram Micro Inc. acquired the company.
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BrightPoint buyer Ingram Micro mulls cost-cuttingRestricted Content

December 1, 2012
Dan Human
A top BrightPoint Inc. executive expects little employment change for the distribution and logistics company’s 1,100-person central Indiana work force, despite the potential for job cuts and facility closings across the country.
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Ingram Micro completes acquisition of BrightPoint

October 16, 2012
Associated Press
Ingram Micro Inc. said Monday that it has completed its roughly $840 million acquisition of Indianapolis-based mobile-device logistics provider BrightPoint Inc.
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BrightPoint shareholders approve company’s sale

September 19, 2012
California-based Ingram Micro agreed in July to buy BrightPoint for about $840 million, including $190 million in debt.
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BrightPoint reaches settlement in shareholder suits

September 7, 2012
Scott Olson
Lawsuits filed by BrightPoint Inc. shareholders who are challenging the company's proposed sale to a California firm are set to be dismissed after the sides reached a settlement.
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Six BrightPoint execs to share $31M golden parachute

August 22, 2012
Dan Human
Brightpoint Inc. CEO Robert Laikin stands to receive $14.1 million after his company is acquired by Santa Ana, Calif.-based Ingram Micro Inc., say SEC documents released this week.
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BrightPoint takes quarterly loss despite uptick in revenue

August 8, 2012
 IBJ Staff
Indianapolis-basedBrightPoint Inc. suffered a $4.1 million second-quarter loss despite a 3-percent increase in revenue, the Indianapolis-based wireless device distribution and logistics company said Wednesday afternoon.
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BrightPoint merger talks driven by 'deal certainty'Restricted Content

July 28, 2012
Greg Andrews
When BrightPoint officials saw conditions in the cell phone distribution business take a turn for the worse, they were quick to cash out while the going was still good.
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BrightPoint shareholder sues company over pending sale

July 16, 2012
Scott Olson
A BrightPoint Inc. stockholder has filed suit against the company, charging that the $9 share price offered in its $840 million sale to California-based Ingram Micro Inc. is too low.
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BrightPoint settles two suits against rival Brightstar

July 13, 2012
Scott Olson
Both lawsuits involved former BrightPoint executives hired by Brightstar who had access to the local firm’s innermost workings and strategies. The suits, filed in Marion Superior Court, were dismissed Wednesday.
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BrightPoint's $840M sale ends wild ride for CEO LaikinRestricted Content

July 7, 2012
Greg Andrews
Bob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
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PROXY CORNER: BrightPoint Inc.Restricted Content

July 7, 2012
Indianapolis-based BrightPoint Inc.provides worldwide distribution and integrated logistics services to the wireless communications industry. The company announced July 2 that it had agreed to be acquired by California-based Ingram Micro for $650 million in cash and the assumption of $190 million in debt.
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UPDATE: BrightPoint sale follows tough stretch for firm

July 2, 2012
Scott Olson
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.
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UPDATE: Brightpoint's planned sale spawns uncertainty

July 2, 2012
 IBJ Staff
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.
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BrightPoint to be acquired for $840M by California firm

July 2, 2012
 IBJ Staff
Indianapolis-based BrightPoint Inc. has agreed to be acquired by California-based Ingram Micro Inc. for about $840 million, the two companies said early Monday morning.
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Largest Indiana public companies mostly fared well in 2011Restricted Content

June 16, 2012
Performance varied widely as industries ebbed, flowed.
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Struggling BlackBerry maker could be drag on BrightPoint

May 31, 2012
Kathleen McLaughlin
BlackBerry maker Research In Motion Ltd., which said it wouldn't turn a profit this quarter, accounts for about 10 percent of BrightPoint's distribution business.
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BrightPoint stock sinks on lower earnings report

April 27, 2012
Kathleen McLaughlin
BrightPoint Inc. stock fell as much as 12 percent early Friday morning following disappointing first-quarter earnings that prompted the company to lower its 2012 financial forecast.
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BrightPoint making local employment cutbacks

March 2, 2012
Kathleen McLaughlin
BrightPoint Inc. has laid off an undisclosed number of its local employees and decided not to fill another 120 open positions, the Indianapolis-based company acknowledged Thursday.
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Brightpoint shares slide after it lowers forecast on loss of customer

February 22, 2012
Shares of the wireless-device logistics provider fell more than 8 percent Wednesday morning after the company lowered its annual earnings guidance in response to the loss of a major customer.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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