CDW Achieves Record Full Year and Fourth Quarter Sales.VERNON HILLS Vernon Hill II (born circa 1946) is the founder and former chairman, president, and chief executive officer of Commerce Bancorp and Commerce Bank of Cherry Hill Township, New Jersey. , Ill. -- CDW CDW - data warehouse Corporation: * Full year 2007 sales: $8.145 billion, up 20.0% year-over-year * Fourth quarter 2007 sales: $2.134 billion, up 17.0% year-over-year CDW Corporation, a leading provider of technology products and services to business, government and education, today announced record quarterly sales in the fourth quarter of 2007 and record annual sales for 2007. "These sales results reflect the exceptional work of our coworkers during a year of transition for CDW," said John A. Edwardson, chairman and chief executive officer, CDW Corporation. "While CDW was being acquired in a go-private transaction with affiliates of Madison Dearborn Madison Dearborn Partners (MDP) is a private equity firm specializing in buyouts of private or publicly held companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth Partners and Providence Equity Partners Providence Equity Partners is a private equity firm headquartered in Providence, Rhode Island that focuses on investments in media and telecommunications. It is one of the largest private investment firms specializing in equity investments in media and communications companies. , our coworkers continued to prove they are the best team in the industry by staying focused, gaining market share and providing the best customer service in the industry. We are well-positioned to make the investments necessary to continue growing the company and bringing CDW's mix of products and technology services to current and new customers." Fourth Quarter of 2007 Total sales in the fourth quarter of 2007 were $2.134 billion, compared to $1.824 billion in the fourth quarter of 2006, an increase of 17.0 percent. Average daily sales in the fourth quarter of 2007 were $33.866 million, compared to $28.951 million in the fourth quarter of 2006, representing a 17.0 percent increase. There were 63 billing days in both the fourth quarter of 2007 and the fourth quarter of 2006. Total sales in October 2007 were $764.1 million, compared to $635.1 million in October 2006, representing a 20.3 percent increase. Average daily sales in October 2007 were $33.220 million, compared to $28.867 million in the prior year period, representing a 15.1 percent increase. October 2007 had 23 billing days, and October 2006 had 22 billing days. Total sales in November 2007 were $647.4 million, compared to $569.2 million in November 2006, representing a 13.7 percent increase. Average daily sales in November 2007 were $30.826 million, compared to $27.105 million in the prior year period, representing a 13.7 percent increase. November 2007 had 21 billing days, and November 2006 had 21 billing days. Total sales in December 2007 were $722.1 million, compared to $619.6 million in December 2006, representing a 16.5 percent increase. Average daily sales in December 2007 were $38.008 million, compared to $30.982 million in the prior year period, representing a 22.7 percent increase. December 2007 had 19 billing days, and December 2006 had 20 billing days. Full Year 2007 Total sales for 2007 were $8.145 billion, compared to $6.785 billion in 2006, an increase of 20.0 percent. Average daily sales for 2007 were $32.065 million, compared to $26.714 million in 2006, representing a 20.0 percent increase. There were 254 billing days in both 2007 and 2006. Acquisition of Berbee Information Networks Corporation As previously announced, CDW completed the acquisition of Berbee Information Networks Corporation on October 11, 2006. October 2006 sales, fourth quarter 2006 sales, and full-year 2006 sales figures sales figures npl → cifras fpl de ventas do not include Berbee sales prior to October 11, 2006. About CDW CDW([R]), ranked No. 342 on the 2007 FORTUNE 500 and No. 39 on Forbes magazine's list of America's Largest Private Companies, 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 Acer trees of the family Aceraceae. Acer rubrum ingestion of wilted or dries leaves of this tree causes acute hemolytic anemia characterized by red urine, jaundice, anemia and methemoglobinemia in horses. , Adobe adobe (ədō`bē): see rammed earth. adobe Handmade sun-dried bricks formed from a mixture of heavy clay and straw found in arid regions. , APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. , Apple, Cisco, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Fujitsu, HP, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Lenovo, Microsoft, Panasonic, Quantum, Samsung, Sony, Symantec, ViewSonic and Xerox. CDW was founded in 1984 and as of December 31, 2007 employed approximately 6,300 coworkers. In 2007, the company generated sales of $8.145 billion. For more information, visit CDW.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Any forward-looking statements contained in this release are based on the Company's beliefs and expectations as of the date of this release and are subject to certain risks and uncertainties which may have a significant impact on the Company's business, operating results or financial condition. Should any risk or uncertainty materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. , or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described in forward-looking statements. |
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