CDWC Cdw Corp (MM)

CDW Corporation (NASDAQ:CDWC), a leading provider of technology products and services to business, government and education, today announced average daily sales for June 2007 were $34.211 million, an increase of 25.3 percent compared to average daily sales of $27.293 million for June 2006. Total sales for June 2007 were $718.4 million, an increase of 19.6 percent compared to total sales of $600.4 million for June 2006. There were 21 billing days in June 2007 and 22 billing days in June 2006. As previously announced, CDW completed the acquisition of Berbee Information Networks Corporation on October 11, 2006. June 2006 sales do not include Berbee sales, while June 2007 sales include Berbee sales. Excluding Berbee sales in June 2007, and therefore on a non-GAAP basis, CDW�s average daily sales for June 2007 were $31.641 million, an increase of 15.9 percent compared to average daily sales for June 2006 of $27.293 million and total sales for June 2007 were $664.5 million, an increase of 10.7 percent compared to total sales of $600.4 million for June 2006. There were 21 billing days in June 2007 and 22 billing days in June 2006. In June 2007, average daily sales for the corporate sector segment increased 11.1 percent and average daily sales for the public sector segment increased 25.1 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 57.4 percent in June 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, software, netcomm products and video. Product categories exclude Berbee sales. Second Quarter of 2007 sales results: Total sales in the second quarter of 2007 were $2.033 billion compared to $1.633 billion in the second quarter of 2006, an increase of 24.4 percent. Average daily sales in the second quarter of 2007 were $31.763 million compared to $25.523 million in the second quarter of 2006, representing a 24.4 percent increase. There were 64 billing days in both the second quarter of 2007 and the second quarter of 2006. As previously announced, CDW completed the acquisition of Berbee Information Networks Corporation on October 11, 2006. Total sales for the second quarter of 2006 do not include Berbee sales, while the second quarter of 2007 sales include Berbee sales. Excluding Berbee sales in the second quarter of 2007, and therefore on a non-GAAP basis, total sales were $1.880 billion, an increase of 15.1 percent compared to total sales of $1.633 billion for the second quarter of 2006 and average daily sales for the second quarter of 2007 were $29.377 million, an increase of 15.1 percent compared to average daily sales for the second quarter of 2006 of $25.523 million. Total corporate sector segment sales in the second quarter of 2007 were $1.237 billion compared to $1.112 billion in the second quarter of 2006, representing an increase of 11.2 percent. Second quarter of 2007 average daily sales for the corporate sector segment were $19.321 million compared to $17.373 million in the second quarter of 2006, representing an increase of 11.2 percent. Total public sector segment sales in the second quarter of 2007 were $643.6 million compared to $521.6 million in the second quarter of 2006, representing an increase of 23.4 percent. Second quarter of 2007 average daily sales for the public sector segment were $10.056 million compared to $8.150 million in the second quarter of 2006, representing an increase of 23.4 percent. 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, total sales for Berbee increased 50.1 percent in the second quarter of 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 quarterly basis. Product categories that achieved the strongest year-over-year unit volume growth for the second quarter of 2007 were notebook computers, desktop computers, data storage, software and video. Product categories exclude Berbee sales. Company to Release Second Quarter of 2007 Results on July 24, 2007 The Company will release its second quarter of 2007 results on Tuesday, July 24, 2007, at 7:30 a.m. ET / 6:30 a.m. CT. On Tuesday, July 24, 2007, at 8:30 a.m. ET / 7:30 a.m. CT, management will review second quarter of 2007 results during a conference call. The conference call will be available via live webcast in listen-only mode on the Company�s web site at www.cdw.com/investor. An audio replay of the call will be available approximately two hours after the event on www.cdw.com/investor for approximately two weeks. 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, EMC, Fujitsu, HP, IBM, Lenovo, Microsoft, Panasonic, Quantum, Samsung, Sony, Symantec, ViewSonic and Xerox. 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. Where You Can Find Additional Information In connection with the proposed merger between CDW and Madison Dearborn Partners LLC, CDW filed a preliminary proxy statement with the SEC on July 2, 2007. CDW will also file with the SEC, and furnish to its shareholders, a definitive proxy statement soliciting proxies for the meeting of its shareholders to be called with respect to the Merger. 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 transaction. Information regarding the persons who may be considered �participants� in the solicitation of proxies is set forth in the preliminary proxy statement described above. 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.