Cdw (NASDAQ:CDWC)
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CDW Corporation (NASDAQ: CDWC), a leading provider of technology
products and services to business, government and education, today
announced average daily sales for May 2007 were $31.520 million, an
increase of 25.8 percent compared to average daily sales of $25.057
million for May 2006. Total sales for May 2007 were $693.4 million, an
increase of 25.8 percent compared to total sales of $551.3 million for
May 2006. Both May 2007 and May 2006 had 22 billing days.
As previously announced, CDW completed the acquisition of Berbee
Information Networks Corporation on October 11, 2006. May 2006 sales do
not include Berbee sales, while May 2007 sales include Berbee sales.
Excluding Berbee sales in May 2007, and therefore on a non-GAAP basis,
CDW’s average daily sales for May 2007 were
$28.990 million, an increase of 15.7 percent compared to average daily
sales for May 2006 of $25.057 million and total sales for May 2007 were
$637.8 million, an increase of 15.7 percent compared to total sales of
$551.3 million for May 2006.
In May 2007, average daily sales for the corporate sector segment
increased 10.5 percent and average daily sales for the public sector
segment increased 26.9 percent compared to the prior year period. While
CDW did not own Berbee prior to October 11, 2006, the Company is
providing comparative information for Berbee. Compared to the prior year
period, average daily sales for Berbee increased 64.5 percent in May
2007. Compared to the public sector and corporate sector segments, Berbee’s
business model is more project oriented, which can result in a greater
degree of variability in sales on a monthly basis.
Product categories that achieved the strongest year-over-year unit
volume growth for the month on an average daily basis included notebook
computers, desktop computers, data storage, video and input devices.
Product categories exclude Berbee sales.
The Company plans to announce June 2007 sales on Thursday, July 12,
2007, and second quarter of 2007 earnings on Tuesday, July 24, 2007.
June 2006 had 22 billing days and June 2007 will have 21 billing days.
About CDW
CDW®, ranked No. 342 on the FORTUNE 500, is a
leading provider of technology solutions for business, government and
education. CDW is a principal source of technology products and services
including top name brands such as Acer, Adobe, APC, Apple, Cisco,
Fujitsu, HP, IBM, Lenovo, Microsoft, Panasonic, Quantum, Samsung, Sony,
Symantec and ViewSonic. CDW's direct model offers customers one-on-one
relationships with knowledgeable account managers and access to
approximately 820 on-staff engineers and advanced technology specialists
who customize solutions for customers’ complex
technology needs. CDW also provides same-day product shipping and
post-sales technical support.
CDW was founded in 1984 and as of March 31, 2007, employed approximately
5,640 coworkers. In 2006, the company generated sales of $6.8 billion.
For more information, visit CDW.com.
CDW Corporation will file with the Securities and Exchange Commission
(the "SEC"), and furnish to its shareholders, a proxy statement
soliciting proxies for the meeting of its shareholders to be called with
respect to the proposed merger between CDW and Madison Dearborn
Partners, LLC. CDW SHAREHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT
WHEN IT IS FINALIZED AND DISTRIBUTED TO THEM BECAUSE IT WILL CONTAIN
IMPORTANT INFORMATION. CDW shareholders and other interested parties
will be able to obtain, without charge, a copy of the proxy statement
(when available) and other relevant documents filed with the SEC from
the SEC's website at http://www.sec.gov.
CDW shareholders and other interested parties will also be able to
obtain, without charge, a copy of the proxy statement (when available)
and other relevant documents by directing a request by mail or telephone
to CDW Corporation, 200 N. Milwaukee Ave., Vernon Hills, Illinois 60061,
Attention: Corporate Secretary, telephone: (847) 465-6000, or from CDW's
website, http://www.cdw.com.
CDW and certain of its directors, executive officers and other members
of management and employees may, under SEC rules, be deemed to be
"participants" in the solicitation of proxies from shareholders of CDW
with respect to the proposed merger. Information regarding the persons
who may be considered "participants" in the solicitation of proxies will
be set forth in CDW's proxy statement relating to the proposed merger
when it is filed with the SEC. Information regarding certain of these
persons and their beneficial ownership of CDW common stock as of March
31, 2007 is also set forth in CDW's proxy statement for its 2007 Annual
Meeting of Shareholders, which was filed with the SEC on April 16, 2007.
Statements about the expected timing, completion and effects of the
proposed merger between CDW and Madison Dearborn Partners, LLC, and all
other statements in this filing other than historical facts, constitute
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Readers are cautioned not to place undue reliance on these
forward-looking statements, each of which is qualified in its entirety
by reference to the following cautionary statements. Forward-looking
statements speak only as of the date hereof and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause actual results to differ materially from
those projected in the forward-looking statements. CDW may not be able
to complete the proposed merger because of a number of factors,
including, among other things, the failure to obtain shareholder
approval, the failure of financing or the failure to satisfy other
closing conditions. Other risks and uncertainties that may affect
forward-looking statements are described in the reports filed by CDW
with the SEC under the Securities Exchange Act of 1934, as amended,
including without limitation CDW's Annual Report on Form 10-K for the
year ended December 31, 2006.
For more information about CDW:
Visit CDW on the Internet at http://www.cdw.com.
Contact CDW Investor Relations via the Internet at investorrelations@cdw.com
or by telephone at 847-419-6328.
CDW is a registered trademark and CDW@work is a trademark of CDW
Corporation. Other company and product names may be trademarks of their
respective owners.