Ingram Micro Inc

Computer monitor maker Hansol Multitech Inc. said it has signed an agreement with Ingram Micro Inc. for the immediate distribution of its full line of color monitors. Terms of the agreement weren't divulged. The deal gives Hansol access to a wide market because Santa Ana-based Ingram Micro is the world's largest wholesale distributor of technology products and services.

Ingram Micro Inc., the Santa Ana-based distributor of computers, software and electronics, agreed to buy DBL Distributing Inc. for $96 million to expand its consumer-electronics offerings. DBL will become a subsidiary of Ingram, keeping its management and the same number of employees, a spokesman said. DBL, based in Scottsdale, Ariz., sells more than 17,000 electronics products from brands including Philips, Samsung and Sony to U.S. retailers.

Ingram Micro Inc. agreed to sell its enterprise systems group in three European countries to Magirus AG, which distributes computer systems in Europe, Magirus said Thursday. Financial terms were not disclosed. Magirus is a partner of Pioneer-Standard Electronics Inc., which owns a stake in Magirus. The acquisition of the Ingram assets will expand the partnership between KeyLink Systems, a Pioneer-Standard company, and Magirus to include the United Kingdom and Belgium.

Ingram Micro Inc. Chairman and Chief Executive Jerre Stead realized a $15.9-million gain from exercising stock options last year. After exercising options to buy 1 million Ingram shares in December, Stead still has 2.8 million exercisable and unexercisable shares, the company said in its annual proxy statement filed Monday with the Securities and Exchange Commission. Stead's stake in Ingram was $58.6 million based on Monday's closing stock price of $20.94.

Ingram Micro Inc. Executive Vice President Doug Antone, head of the company's assembly unit, is resigning as the world's largest computer distributor folds his operation into its main business. Antone, 46, will leave in the next 30 days after five years at the company. Last year, he was put in charge of Santa Ana-based Ingram's Frameworks division, which assembles personal computers and parts for PC makers and dealers.

Ingram Micro Inc. said Wednesday that it plans to repay some of its debt by raising about $400 million through a private offering of debentures, a form of corporate IOU. The debentures are due in 2018. The Santa Ana-based distributor of technology products did not release the interest it has set for the tender offer. Ingram's stock price dropped 9.3%, or $4 a share, Wednesday to close at $39.

Ingram Micro Inc. said Tuesday it agreed to acquire the assembly facilities of Tulip Computer NV, a holding company that develops, makes, markets, distributes and services professional microcomputer and network systems. Terms weren't disclosed. Santa Ana-based Ingram, the world's largest distributor of computer products, said the acquisition is contingent upon the purchase of Tulip by Netherlands-based investment company Koninklijke Begemann Group NV.

Ingram Micro Inc. of Santa Ana had a fourth-quarter loss of $10.3 million because of restructuring costs. The net loss was 7 cents a share, contrasted with a profit of $5.66 million, or 4 cents, a year earlier, the company said. Sales fell 4.1% to $5.89 billion. Ingram Micro said first-quarter profit won't meet analysts' forecasts. Shares were unchanged at $10.05 on the New York Stock Exchange.

Ingram Micro Inc., the rapidly growing distributor of computer products, reported Wednesday that profit surged 70% in the first quarter on record sales. Net income rose to $40.4 million, or 28 cents a share, from $23.8 million, or 20 cents a share, for the same quarter a year ago. Sales increased 29% to $3.6 billion from $2.8 billion. The company operates in 19 countries and distributes more than 36,000 products to more than 100,000 resellers in 120 countries.