Comdisco Electronics Group reaches one-billion-dollar mark; celebrates five-year anniversary.SAN DIEGO--(BUSINESS WIRE)--June 3, 1997--Two milestones, each signifying the growing trend towards utilizing equipment management services, were announced today by Comdisco Electronics Group (CEG (Continuous Edge Graphics) A VGA RAMDAC chip from Edsun Labs that adds anti-aliasing on the fly. It can also calculate intermediate shades, thus providing thousands of colors on an 8-bit board that normally generates only 256 colors. ). In conjunction with its five-year anniversary, CEG now owns more than a billion dollars worth of equipment, which is on lease to many of the world's leading semiconductor manufacturers. This makes Comdisco one of the world's largest purchasers of electronic manufacturing equipment. CEG is a division of Comdisco Inc. (NYSE NYSE See: New York Stock Exchange :CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the ) and a leading provider of technology life-cycle management solutions for the semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. , packaging, automated test equipment, and electronic manufacturing services/print circuit board assembly equipment industries. CEG currently maintains strategic alliances with 12 of the world's top 20 semiconductor manufacturers to provide these services. In its fiscal year 1996, this fast-growing division of Comdisco Inc. reported revenue growth of 68 percent, earnings growth of 29 percent, and equipment lease volume growth of 117 percent. The group is on pace for another record year in 1997. "The anniversary and the billion-dollar milestone are significant in the fab, SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management , test and disk drive equipment businesses because they demonstrate the health and vitality of this industry, and the success Comdisco has met with our unique range of equipment management services," said Mike Herman, president of CEG. "As the proprietors of a billion dollars worth of equipment, Comdisco has one of the most extensive portfolios in the industry. This will provide our customers around the world with a source of quality pre-owned equipment in future years." About Comdisco Electronics Group CEG, a division of Comdisco Inc., assists companies with reducing the cost and risk of acquiring and managing their electronic manufacturing, test and assembly equipment. With headquarters in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , its worldwide services include equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
About Comdisco Comdisco Inc. (NYSE:CDO), a technology services company, is one of the world's leading providers of solutions that help organizations reduce technology cost and risk. These services include asset management; business continuity; network services; and equipment leasing. Comdisco's revenue totaled $2.4 billion for the fiscal year ended September 30, 1996. For more information, visit Comdisco's web site at http://www.comdisco.com . CONTACT: Comdisco Electronics Group Steven Grundon, 619/550-7407 srgrundon@comdisco.com or Pacifico, Inc. Anne Smith, 408/293-8600 asmith@pacifico.com |
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