SANTA ANA, Calif., April 7 /PRNewswire/ -- Ingram Micro Inc. (NYSE:IM)
, the world's largest wholesale provider of technology products and services, has been ranked No. 41 on the business world's prestigious Fortune 500 list, the highest ranking by a Southern California company for revenue in 1999. The 1999 ranking marks the first year that the company has appeared among Fortune Magazine's top 50 U.S. companies and represents a 14-point jump over last year's ranking of 55.
Ingram Micro has also been ranked No. 41 on Forbes Magazine's Forbes 500 list for sales in 1999, a 9-spot increase from its 1998 position at No. 50 on that list.
"We are delighted to see our upward movement in these two very credible and visible business rankings," said Kent Foster, CEO and president, Ingram Micro Inc. "Ingram Micro is leading the evolution of the information technology industry with solutions that enable our business partners to compete in today's new economy and to capitalize on our long-history of providing precision logistics services."
Ingram Micro reported $28 billion in revenue last year. The company continues to be a leader in bringing business-to-business e-commerce solutions to the IT industry for greater supply chain efficiencies, as well as in marketing its world-class logistics services to both the IT channel and Internet-based companies seeking infrastructure solutions.
About Ingram Micro Inc.
Operating in 34 countries, Ingram Micro Inc. (NYSE:IM)
is the world's largest wholesale provider of technology products and services, with sales exceeding $28 billion in 1999. Ingram Micro's key business units deliver fulfillment and distribution, product acquisition and selection, supply-chain automation and programs, as well as eProcurement to more than 175,000 technology solution providers, manufacturers and businesses located in more than 100 countries. Ingram Micro is driving the evolution of wholesale distribution for the information technology industry and is the operations engine behind leading global e-businesses today. Ingram Micro can be found at www.ingrammicro.com.
Source: Ingram Micro Inc.
Contact: Jennifer Marchetta of Ingram Micro Inc., 714-382-2692,
jennifer.marchetta@ingrammicro.com; or Carrie Brooks, ext. 223,
carrie_brooks@benjamingroup.com, or Lisa Landry, ext. 225,
lisa_landry@benjamingroup.com, both of Benjamin Group/BSMG Worldwide,
714-245-7500, for Ingram Micro Inc.
Website: http://www.ingrammicro.com/