Toshiba Chooses ModusLink as Its Partner for European Retail Product Fulfillment
December 19 2007 - 4:30PM
Business Wire
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 D�sseldorf,
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.
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