Tech Data becomes exclusive on the iPhone
Switzerland: Apple has granted broadliner Tech Data with exclusivity over the distribution of iPhones in the country. An initial test phase will last 6 months.
Proditec takes over Netgear distribution
Switzerland: accessory and cabling specialist Proditec has joined Alltron, Ingram Micro and Tech Data as fourth Netgear distributor in the country.
Three distributors for Surface
Microsoft has chosen broadliners ALSO, Ingram Micro and Tech Data as official distributors for its Surface tablet in the Netherlands, Germany and Switzerland. The partnership with Tech Data is pan-European, and thus also covers Austria, Belgium, Czech Republic, Denmark, Finland, France, Hungary, Ireland, Italy, Norway, Poland, Portugal, Slovakia, Spain, Sweden and the United Kingdom.
S&P devices Tech Data outlook to BBB-
American broadliner Tech Data has disclosed that due to accounting improprieties it will be forced to restate its financial results for all years and quarters from 2011 through the present. The restatement will result in a reduction of previously reported operating income and net income by up to $40 million and $33 million, respectively. The company has not filed its 2013 10-K or recent 10-Qs. Tech Data has extended its waiver agreement until Oct. 31, 2013, to deliver its audited and unaudited financial statements. For all these reasons, S&P has decided to revise its rating outlook to negative from stable and affirmed its 'BBB-' corporate credit and senior unsecured ratings on the company.
Some Apple BTO for Tech Data
Germany: broadliner Tech Data has launched a BTO tool for Apple resellers. This online tool, dubbed Apple-CTO-Konfigurator, will allow its resellers to build Macs to orders for their end customer, and be delivered in a few days. The tool is available since a few months in Switzerland and the United Kingdom.