Brightpoint CFO leaves with $2.75M pay package
Anthony Boor, who joined Brightpoint in 1998 and served as the company’s chief financial officer since 2005, left the company on Tuesday. He received separation pay totaling $2.75 million.
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Brightpoint’s earnings surge on smartphone sales
Brightpoint Inc., a distributor of wireless phones, said Thursday that its earnings increased more than sixfold as the growing demand for smartphones meant that more higher-priced devices passed through Brightpoint's facilities.
Brightpoint settles lawsuit with vendor
The distributor of wireless phones agreed to drop its complaint, which accused a Massachusetts software provider of fraud and negligence in addition to breaching its agreement and warranty.
Brightpoint stock sinks on proposed AT&T deal
Brightpoint Inc. stock slumped more than 15 percent Monday after AT&T Inc. announced a $39 billion agreement to buy T-Mobile USA from Deutsche Telekom AG. It continued to slip Tuesday morning.
Brightpoint invests in Latin American operations
Locally based wireless phone distributor plans to spend more than $15 million for a stake in a Miami-based company focused on Latin America.
Three local companies make most-admired list
Simon Property Group Inc., WellPoint Inc. and Brightpoint Inc. of Indianapolis, and Columbus-based Cummins Inc. made Fortune's annual list of 350 companies, released Monday.
Brightpoint suing software vendor for negligence
The local distributor of wireless phones has filed suit against Massachusetts-based Emptoris Inc., and is looking to recoup millions of dollars it paid the company in addition to the amount it says it spent trying to fix the problem.
Brightpoint shares bask in afterglow of earnings report
The stock has soared more than 28 percent since Wednesday's earnings report. Growth of smart phones and European logistics prospects helped Brightpoint beat earnings estimates.
Brightpoint revenue, earnings exceed analyst expectations
The wireless phone distributor said revenue in the fourth quarter was $1.1 billion, an increase of 24 percent over the same period of 2009.
Brightpoint to re-enter the Polish market
Indianapolis-based Brightpoint Inc., which helps cell phone makers manage their supply chains, said Wednesday that it is re-entering Poland, a market it exited two years ago at the height of the global downturn.
Brightpoint exec Fivel leaving for Simon Property Group
One of the top executives at Brightpoint Inc. is leaving the Indianapolis-based cell phone distributor to take a similar position at Simon Property Group.
Brightpoint will handle supply chain for Allied
Brightpoint said it will take over direct sales of Allied Wireless, as well as billing, shipping of equipment and other functions.
Brightpoint expansion includes three buildings
The distributor of wireless devices has completed its purchase of a 533,000-square-foot facility in the AllPoints Midwest business park in Plainfield and is leasing a 200,000 square-foot building, also in Plainfield.
Brightpoint making $80M acquisition
Indianapolis-based Brightpoint Inc. said Monday it has agreed to acquire Touchstone Wireless Repair and Logistics LP in an $80 million deal expected to close by the end of the year.
Brightpoint takes over s2f after big growth plans fizzle
Minority-owned logistics firm s2f Worldwide, started a year ago with high-profile investors and tax incentives in tow, has been acquired by Brightpoint Inc. The deal closed about three weeks ago, said former s2f CEO Randall Lewis.
Brightpoint shares rise after results top expectations
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.
Brightpoint replaces director hired to lead Six Flags
Brightpoint Inc. said board member James W.P. Reid-Anderson has resigned after being selected last week to become chairman, president and CEO of amusement park operator Six Flags Entertainment Corp.
Brightpoint boosts revenue, profit
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.
Retailers gain upper hand in negotiations with landlords
Shop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep properties filled and vibrant.
MAURER: Take a chance on Brightpoint shares
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.