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Ingram Micro: Retention From Big Buy Better Than Projected
- Article from:
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Orange County Business Journal
- Article date:
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November 7, 2005
- Author:
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Copyright informationCopyright CBJ, L. P. Nov 7-Nov 13, 2005. Provided by ProQuest LLC. (Hide copyright information)
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Santa Ana-based Ingram Micro Inc.'s chief executive said the technology products distributor is seeing better than expected returns from its buy of Australia's Tech Pacific Ltd. a year ago.
An expected loss of business from the acquisition has fallen short of expectations, Ingram said in its third-quarter report.
"It has not been as bad as we thought it could be," said Chief Executive Greg Spierkel, who headed up the $530 million Tech Pacific buy-Ingram's largest-as co-president before becoming chief executive in June.
Ingram didn't give specifics on how much Tech Pacific business it lost as a result of the deal. It did say sales in Asia, Tech Pacific's market, were $1.2 billion in the ...
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