Cmgi (MM) (NASDAQ:CMGI)
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ModusLink®
Corporation, a subsidiary of CMGI®,
Inc. (NASDAQ: CMGI) and leading provider of global supply chain
management solutions, today announced it has signed a multi-year
contract with Toshiba Electronics Europe (Toshiba) to manage the company’s
European supply chain for a variety of its storage products. As part of
the contract, ModusLink will deliver a wide range of supply chain
solutions, including its popular Optimized Configuration Solution, in
this case leveraging its Brno Solution Center in the Czech Republic to
efficiently and cost effectively finalize configuration of five
different base components into hundreds of different finished goods to
meet specific customer demand with less inventory cost and risk. Toshiba
also has tapped ModusLink’s retail fulfillment
expertise to reduce the cost, complexity and lead time of direct
shipment to distributors throughout Europe.
“We chose to partner with ModusLink given its
expertise and ability to deliver proven results in managing the supply
chain for storage and consumer electronics products from some of the
world’s biggest brands,”
said Ryoichi Shikama, president of Toshiba Electronics Europe. “It
is a defining time for Toshiba as we continue to make strides and build
market share for our leading products. As customer demand grows, it is
essential that we drive the highest levels of efficiency in our supply
chain to ensure the satisfaction of our customers and we feel confident
that ModusLink is the right partner to help us achieve our goals, while
keeping costs down.”
The full scope of services to be rendered include sourcing and supply
base management, optimized configuration, packaging design and light
manufacturing, with services delivered in a phased approach.
“We are thrilled that Toshiba has chosen
ModusLink as its supply chain partner in Europe,”
said Joseph C. Lawler, chairman, president and chief executive officer
of CMGI. “In today’s
competitive, high-tech market, supply chain flexibility and cost
effectiveness are critical for ensuring customer retention and driving
profitability. We are committed to our role in helping Toshiba drive
increased productivity throughout its supply chain.”
About Toshiba Electronics Europe
Toshiba Electronics Europe (TEE) is the European Headquarters for the
electronic components business of Toshiba Corporation, which is the
world's fourth largest semiconductor vendor according to estimates by
Dataquest.
Providing design, manufacturing, marketing and sales, TEE was formed in
1973 in Neuss, Germany. The company now has headquarters in Düsseldorf,
Germany and subsidiaries in France, Italy, Spain, Sweden and the United
Kingdom. Company president is Mr. Shikama and the total number of
personnel in Europe is around 400.
Toshiba Electronics Europe offers one of the industry's broadest IC and
discrete product lines including high-end memory, microcontrollers,
ASICs, ASSPs and display products for automotive, multimedia, consumer,
telecoms and networking applications. The company also has a wide range
of power semiconductor solutions.
For more company information visit Toshiba's web site at www.toshiba-components.com.
About ModusLink
ModusLink Corporation is a leading provider of global, end-to-end supply
chain management solutions. The company provides technology clients in
the software, computing, consumer electronics, storage and
communications markets with customized supply chain solutions that
improve time-to-market, productivity and customer satisfaction while
reducing risk and cost. ModusLink's services include consulting and
planning, sourcing and supply base management, manufacturing and product
configuration, fulfillment, logistics management, e-commerce and the
complete range of aftermarket services. ModusLink has 34 facilities
in 13 countries, creating the largest global footprint in the industry.
With headquarters in Waltham, Massachusetts, the company is a subsidiary
of CMGI, Inc. (NASDAQ: CMGI). For additional information, visit www.moduslink.com.
About CMGI
CMGI, Inc. (NASDAQ: CMGI), through its subsidiary ModusLink, provides
industry-leading global supply chain management services and solutions
that help businesses market, sell and distribute their products around
the world. In addition, CMGI’s venture
capital business, @Ventures, invests in a variety of technology
ventures. For additional information, visit www.cmgi.com.
This release contains forward-looking statements, which address a
variety of subjects including, for example, the expected benefits of the
business relationship between ModusLink and Toshiba. The following
important factors and uncertainties, among others, could cause actual
results to differ materially from those described in these
forward-looking statements: ModusLink is not designated as this client’s
sole supplier of the services referenced in this press release;
ModusLink frequently sells to its supply chain management clients,
including the client referenced in this press release, on a purchase
order basis and therefore its sales are subject to demand variability;
ModusLink's success depends on its ability to execute on its business
strategy and the continued and increased demand for and market
acceptance of its solutions and services; ModusLink may not be able to
expand its operations in accordance with its business strategy;
ModusLink may experience difficulties integrating technologies,
operations and personnel in accordance with its business strategy;
ModusLink derives a significant portion of its revenue from a small
number of customers and the loss of any of those customers would
significantly damage its financial condition and results of operations;
increased competition and technological changes in the markets in which
ModusLink competes; and risks associated with international operations.
ModusLink represents a significant percentage of CMGI's operations and
the occurrence of any of the foregoing factors may have an adverse
effect on CMGI’s results of operations and
financial results. For a detailed discussion of cautionary
statements that may affect CMGI's future results of operations and
financial results, please refer to CMGI's filings with the Securities
and Exchange Commission, including CMGI's most recent Annual Report on
Form 10-K and Quarterly Report on Form 10-Q. Forward-looking
statements represent management's current expectations and are
inherently uncertain. We do not undertake any obligation to update
forward-looking statements made by us.
ModusLink is a registered trademark of ModusLink Corp. and CMGI is a
registered trademark of CMGI, Inc. All other company names and
products are trademarks or registered trademarks of their respective
companies.