Brightpoint

Brightpoint shares rise after results top expectations

November 4, 2010
 IBJ Staff
The wireless-device distributor reported revenue of $889 million in the third quarter, an increase of 3 percent compared to the same quarter of 2009.
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Brightpoint boosts revenue, profit

August 5, 2010
 IBJ Staff
Brightpoint Inc. on Wednesday reported second-quarter revenue of $788.6 million as the Indianapolis company continued to grow its share of the wireless device distribution business.
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Retailers gain upper hand in negotiations with landlordsRestricted Content

July 24, 2010
Greg Andrews
Shop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep properties filled and vibrant.
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MAURER: Take a chance on Brightpoint sharesRestricted Content

June 12, 2010
Mickey Maurer
Here’s the new plan: Purchase the stock at $7.25 to $7.50 a share, and hope to realize a 15-percent to 20-percent gain in the short term.
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Brightpoint reports higher revenue, earnings

May 6, 2010
 IBJ Staff
Brightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.
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Brightpoint, Comcast employees ramp up volunteer efforts

April 24, 2010
 IBJ Staff
Brightpoint employees fanned out across Marion and Hendricks counties the week of April 17, donating more than 400 hours to seven organizations. Comcast was expecting 1,000 volunteers to help organizations across the state on April 24.
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Brightpoint cuts CEO's pay by almost 35 percent

April 5, 2010
Peter Schnitzler
Robert J. Laikin earned $2.2 million in 2009, nearly 35 percent less than in 2008. Several other members of his management team also took substantial pay cuts.
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Three Indiana companies among world's most admired

March 5, 2010
Brightpoint, WellPoint and Cummins are recognized by Fortune magazine as being among the best in their industries.
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Brightpoint profit up despite declining revenue

February 4, 2010
 IBJ Staff
Wireless device distributor Brightpoint Inc. saw revenue decline in the fourth quarter, but the Indianapolis-based company still managed to bounce back from $346 million year-ago loss with an $18.3 million quarterly profit.
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Brightpoint increases stock repurchase to $80 million

January 12, 2010
Scott Olson
Indianapolis-based cell phone distributor is buying back more shares as part of a settlement it reached in October with Denmark holding company NC Telecom Holding A/S, which Brightpoint bought in 2007.
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Brightpoint quarterly estimate below expectations

January 4, 2010
Associated Press
Cell phone distributor predicts fourth-quarter results below analyst estimates, sending shares down in aftermarket activity.
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Brightpoint pays $31M for distribution facility

December 17, 2009
Cory Schouten
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility in Plainfield.
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Debt-shedding efforts start to pay off for BrightpointRestricted Content

November 21, 2009
Greg Andrews
The wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with the strongest balance sheets.
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Brightpoint profit dips but beats expectations

November 4, 2009
Wireless device distributor Brightpoint Inc. said late Wednesday afternoon that profit and revenue both fell in the third quarter because it sold fewer devices at lower prices.
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Brightpoint repurchases shares in settlement

October 2, 2009
Scott Olson
Indianapolis-based Brightpoint Inc. said Friday that it has entered into a settlement agreement with NC Telecom Holding A/S to repurchase about 3 million Brightpoint shares from the Denmark holding company. NC Telecom owned Denmark-based Dangaard Telecom before Brightpoint, the world's biggest wireless phone distributor, bought the cell phone distributor in August 2007.
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London hedge fund sues Brightpoint over failed acquisition

September 30, 2009
Peter Schnitzler
A London-based hedge fund has sued Brightpoint Inc. over a $10 million loan it alleges the Indianapolis-based cell phone distributor fraudulently brokered in anticipation of an acquisition in France that never materialized.
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Ex-Homeland Security chief Ridge named to Brightpoint board

September 1, 2009
 IBJ Staff
Indianapolis-based wireless phone distributor Brightpoint Inc. has appointed Tom Ridge, the first secretary of the U.S. Department of Homeland Security, to its board of directors, the company announced this morning.
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Brightpoint profit slips, but beats expectations

August 6, 2009
Scott Olson
Wireless device distributor Brightpoint Inc. said yesterday that profit and revenue fell in the second quarter because it sold fewer of the devices, and at lower prices.
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Brightpoint prices offering of 15 million shares

July 16, 2009
Scott Olson
Wireless device distributor Brightpoint Inc. said today it has priced 15 million shares of a previously announced stock offering at $5 each.
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Brightpoint's Danish deal not so sweet two years laterRestricted Content

July 13, 2009
Greg Andrews
The cross-continent mega deal that made Brightpoint Inc. the world’s biggest wireless phone distributor has lost much of its sheen two years after being struck. Brightpoint Inc. in August 2007 purchased Denmark-based Dangaard Telecom for $385 million in stock and the assumption of $350 million in Dangaard debt.
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Brightpoint shareholder selling shares

July 13, 2009
Scott Olson
Brightpoint Inc. said this morning shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering.
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Brightpoint adjusts as wireless demand finally cools offRestricted Content

March 2, 2009
Chris O'Malley
After years of torrid gains in the number of wireless phones it handles, Brightpoint has had two consecutive comparable-quarter declines.
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Ex-Brightpoint officer points to higher-upsRestricted Content

May 21, 2007
Greg Andrews
John Delaney, a second-tier Brightpoint Inc. executive convicted of securities fraud last year, charges in a newly public letter that upper management was in on the scheme. The 2004 letter implicates former Chief Financial Officer Phil Bounsall, now executive vice president of locally based Walker Information.
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Ruined Brightpoint manager heading to trialRestricted Content

May 21, 2007
Greg Andrews
Four years after the Securities and Exchange Commission accused Harcharik of committing securities fraud at Brightpoint Inc., he finally has his day in court. A civil jury trial is scheduled to start May 21 in Manhattan. It could last as long as three weeks.
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Brightpoint's buy turns the tablesRestricted Content

February 26, 2007
Peter Schnitzler
On Feb. 20, Plainfield-based cell phone distributor Brightpoint Inc. announced a blockbuster deal to buy Dangaard, its largest European rival, for $308 million, a reversal of fortunes from five years ago between the competitors.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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