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  September 5, 2001
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Home > Company Index > Financial Services > Leasing > Comdisco, Inc.

Comdisco, Inc.
NYSE: CDO
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 NEWS FROM THE WIRES
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
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
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
Accenture Ltd. (ACN)
General Electric Capital Corporation (dossier)
International Business Machines Corporation (IBM)

 DEALS
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
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

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
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
• Norman P. Blake
    CEO
• John J. Vosicky
    CFO

 CONTACT INFO
6111 N. River Rd.
Rosemont, IL 60018
US
Phone: 847-698-3000
Fax: 847-518-5440
Online: Web Site

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