CDW's Average Daily Sales Increase 25.8 Percent in May 2007
June 11 2007 - 7:30AM
Business Wire
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.
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