IM to grow IT market share


13 July 2005 – Santa Ana (CA): Following the news of Ingram Micro’s (IM) acquisition of Avad, Credit Suisse First Boston (CSFB) has reiterated an outperform rating together with a $23 price target on the company.

CSFB commented: "The acquisition of Avad brings IM an established product line and a network of CE installers, positioning Ingram to capture share in a fast-growing segment of IT distribution."