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Home > Company Index > Financial Services > Leasing > Comdisco, Inc.
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Comdisco, Inc. |
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NEWS FROM THE WIRES |
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In bonds, fallen angels on the rise Aug 21 2001 02:29 PM PDT
WRAPUP 1-Junk bond defaults up in July-rating agencies Aug 13 2001 01:21 PM PDT
Fitch says junk bond defaults leap higher in July Aug 13 2001 12:07 PM PDT
Junk bond default rate hits 8.3 pct in July-Moody's Aug 13 2001 12:05 PM PDT
CBOE stats - U.S. equity options daily data Aug 13 2001 06:37 AM PDT
> More WIRE STORIES about this company
NEWS FROM THE STANDARD |
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HP to Buy Comdisco Services Unit for $610 Million
Jul 16 2001 10:53 AM PDT
HomeWarehouse.com Locks Its Doors
Jul 06 2000 05:03 PM PDT
Sites That Never Sleep
Apr 03 2000 12:00 AM PDT
Homegrocer.com Gets $100 Million
Nov 02 1999 12:00 AM PST
Flirting With Disaster
Sep 06 1999 12:00 AM PDT
PROFILE |
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Comdisco has heard the siren song of information technology services, but the company is sticking with the familiar beat of equipment leasing. Comdisco gets more than two-thirds of its sales from leasing PCs, workstations, servers, and other equipment used in the electronics, laboratory, communications, and industrial automation fields. The company had been shifting its focus toward its information technology services business, but it instead has agreed to sell the unit to Hewlett-Packard. At the same time, Comdisco is reorganizing under Chapter 11 bankruptcy protection. Former CEO Nicholas Pontikes, son of Comdisco founder Kenneth Pontikes, controls family trusts that own 25% of Comdisco.
COMPETITION |
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Accenture Ltd. (ACN)
General Electric Capital Corporation (dossier)
International Business Machines Corporation (IBM)
DEALS |
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Deal: HP Acquires Business Unit from Comdisco
Date Announced: 07.16.01
Value of transaction (US $Mil): 610
Description: HP acquires Comdisco's Availability Solutions (technology services) business for $610 million in cash.
TRACKERS |
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Jul. 16, 2001 - LAYOFF TRACKER
200 laid off
Description: Filing for chapter 11 bankruptcy; the restructuring should be completed by 2002. Also sold its Availability Solutions division to Hewlett-Packard. Cuts represent less than 10% of its workforce.
May 09, 2001 - LAYOFF TRACKER
250 laid off
Description: Layoffs represent 10% of its North American workforce.
> More LAYOFF NEWS
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: September
2000 Sales (mil.): 3,867.00
1-Yr. Sales Growth: (7.0)%
Employees: 3,500
Revenue per employee: $1,104,857.14
KEY PEOPLE |
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Norman P. Blake
CEO
John J. Vosicky
CFO
CONTACT INFO |
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6111 N. River Rd.
Rosemont, IL 60018
US
Phone: 847-698-3000
Fax: 847-518-5440
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
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