Longtime Angie’s List Inc. CEO Bill Oesterle has officially resigned from the company while COO Mark Howell takes the reins during the search for a permanent successor.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Bob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
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.
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.