November 2008

Bell Microproducts Inc., San Jose, CA, distributor of storage and computing technology, has created a security division in North America. Bell Microproducts will utilize its broad reach into the channel to replicate the success of its UK security division in the North American market.
 
Duncan Hume, who will serve as director of the security division, says that the timing is right for Bell Microproducts to expand its security distribution business. In today’s market, customers buying storage products are looking for the best ways to protect their data, and there is a huge need to ensure the confidentiality, integrity and availability of that data,” he said. “There are a number of compliance issues that must now be taken into consideration, and the technologies Bell …

International Wire Group, Inc., Camden, NY, Operating income, reported for the third quarter ended Sept. 30, 2008, were $203.4 million, an increase of 13% from net sales for the same period 2007. Profit was $2.4 million, down 11.1%.
 
A higher selling price of copper, increased sales volume, higher customer pricing/mix, the impact of a stronger euro versus the U.S. dollar and sales from the Global Wire acquisition beginning on July 1, 2008, contributed to the quarterly sales growth. Profit was negatively impacted by lower sales to the automotive industry.
 
Sales for the nine months ended Sept. 30, 2008, were $609.7 million, an increase of 10.0% over reported 2007 levels. The company reported profit of $15.2 million, up 13.9% over the prior year same period. …