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 much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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