News: Ingram Micro Inc (IM.N)

IM.N on New York Stock Exchange

29.95USD
2:18pm EDT
Price Change (% chg)

$0.17 (+0.57%)
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$29.78
Open
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$29.89
Volume
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52-wk High
$30.96
52-wk Low
$20.16

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Wed, Jul 16 2014

Fitch Affirms Ingram Micro at 'BBB-'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, July 16 (Fitch) Fitch Ratings affirms the ratings for Ingram Micro, Inc. (NYSE: IM) (Ingram Micro), including the long-term Issuer Default Rating (IDR) at 'BBB-'. Fitch's rating actions affect $1 billion of total debt as of March 29, 2014. The Rating Outlook is Stable. A full list of current ratings follows at the end of this press release. The ratings and Outlook reflect Fitch's expectations for stable operating performan

Electronics distributor Ingram Micro hurt by higher costs

- Electronic products distributor Ingram Micro Inc posted a weaker-than-expected quarterly profit due to a rise in costs, sending its shares down 8 percent in extended trading.

UPDATE 1-Electronics distributor Ingram Micro hurt by higher costs

* Shares fall 8 pct in extended trading (Adds details, shares)

Ingram Micro posts weaker-than-expected results, shares fall

April 23 - Electronic products distributor Ingram Micro Inc posted weaker-than-expected quarterly results due to a rise in costs and interest expenses, sending its shares down 8 percent in extended trading.

Cisco joins cloud computing race with $1 billion plan

- Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world's biggest online retailer Amazon.com Inc.

UPDATE 1-Cisco joins cloud computing race with $1 bln plan

March 24 - Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world's biggest online retailer Amazon.com Inc.

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