BRIGHTPOINT INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. OVERVIEW AND RECENT DEVELOPMENTS This discussion and analysis should be read in conjunction with the accompanying Consolidated Financial Statements and related notes. Our discussion and analysis of the financial condition and results of operations is based upon our consolidated financial statements, which have been prepared in conformity with U.S. generally accepted accounting principles. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of any contingent assets and liabilities at the financial statement date and reported amounts of revenue and expenses during the reporting period. On an on-going basis we review our estimates and assumptions. Our estimates were based on our historical experience and various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ from those estimates but we do not believe such differences will materially affect our financial position or results of operations. Our critical accounting estimates, the estimates we believe are most important to the presentation of our financial statements and require the most difficult, subjective and complex judgments are outlined in our Annual Report for the year ended December 31, 2008 included in Exhibit 99.1 to the Company's Current Report on Form 8-K filed on June 1, 2009, and have not changed significantly. Certain statements made in this report may contain forward-looking statements. For a description of risks and uncertainties relating to such forward-looking statements, see the cautionary statements contained in Exhibit 99.1 to this report and our Annual Report for the year ended December 31, 2008 included in Exhibit 99.1 to the Company's Current Report on Form 8-K filed on June 1, 2009. ...
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Brightpoint Reports Third Quarter 2009 Financial Results

INDIANAPOLIS, Nov. 4, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL - News) reported its financial results for the third quarter ended September 30, 2009. Unless otherwise noted, amounts pertain to the third quarter of 2009. FOR THE THIRD QUARTER OF 2009: Revenue was $867.9 million for the third quarter of 2009, a decrease of 26% compared to the third quarter of 2008 and an increase of 21% compared to the second quarter of 2009. The increase in revenue compared to the second quarter of 2009 was primarily due to an increase in distribution revenue from the Middle East and Singapore. The decrease in revenue compared to the third quarter of 2008 was primarily due to an 11% decrease in wireless devices handled through distribution as well as lower average selling price for wireless devices handled through distribution. Units handled were 21.6 million for the third quarter of 2009 compared to 20.1 million for the third quarter of 2008 and 19.1 million for the second quarter of 2009. Income from continuing operations was $14.7 million or $0.18 per diluted share for the third quarter of 2009 compared to income from continuing operations of $8.5 million or $0.10 per diluted share for the third quarter of 2008 and $3.8 million or $0.05 per diluted share for the second quarter of 2009. Adjusted income from continuing operations (non-GAAP) was $10.8 million or $0.13 per diluted share for the third quarter of 2009 compared to $13.3 million or $0.16 per diluted share f...
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New Star Analyst Rankings for Brightpoint, Inc.

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Brightpoint 3Q profit doubles on tax benefit boost

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BRIGHTPOINT INC Financials

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Brightpoint Announces Appointment of Ryan Willman as Controller of Brightpoint Europe, Middle East and Africa

INDIANAPOLIS, Nov. 6, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL - News) announced today the appointment of Ryan Willman as Controller of Brightpoint Europe, Middle East and Africa (EMEA). Mr. Willman will be based at the Brightpoint EMEA regional headquarters in Barcelona, Spain, which also houses our Business Services Center. Consistent with our previous communications, we continue to make good progress on the establishment of the Business Services Center which will centralize certain business support (or back office) functions to be shared across all of our properties in the region. Our Business Services Center along with standardization across the EMEA region will result in the efficiencies, enhancements and best practices necessary to meet our cost and effectiveness objectives. "Mr. Willman's appointment is an important step in Brightpoint's continuing investment in the EMEA region. Mr. Willman will be a significant catalyst for improved controls and the implementation of "best practices" within the region. The Company's commitment to a centralized Business Services Center will result in additional opportunities to improve financial controls and our financial performance throughout EMEA. Ryan has a very strong background in public company reporting, finance & accounting as well as a proven track record at Brightpoint," stated Anthony Boor, the company's Executive Vice President, Chief Financial Officer, Treasurer and Interim President, EMEA. Mr. Willman joined Brightpoint i...
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Brightpoint Signs Distribution Agreement With BlueAnt Wireless

INDIANAPOLIS, Nov. 17, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL - News) announced today that its subsidiary, Brightpoint Australia Pty Ltd ("Brightpoint"), has entered into a distribution agreement with BlueAnt Wireless. Pursuant to this agreement, Brightpoint will distribute BlueAnt Wireless headsets and hands-free devices in the Australian and New Zealand markets. "BlueAnt Wireless is pleased to extend our already long term relationship with the team at Brightpoint," said Taisen Maddern, Executive Chairman of BlueAnt Wireless Australia. "BlueAnt Wireless continues to innovate in the Bluetooth market and we are pleased to be associated with Brightpoint across Australia and New Zealand." "Brightpoint is pleased to extend our relationship with BlueAnt," said John van Rensburg, Managing Director of Brightpoint Australia. "By leveraging our depth and relationships across the wireless industry and mass market retail channels, Brightpoint offers BlueAnt a one stop distribution and logistics solution across Australia and New Zealand." About BlueAnt Wireless BlueAnt Wireless is a global technology company providing the most innovative Bluetooth peripheral devices and accessories on the market. BlueAnt's product portfolio includes hands-free, stereo audio streaming and wireless communication products offering cutting-edge technology, design and features. With its headquarter office in Melbourne, Australia, BlueAnt also has offices in Silicon Valley and London. ...
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Brightpoint Named a Finalist in the Annual Corporate Secretary Magazine Awards

INDIANAPOLIS, Nov. 12, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL - News) announced today that it has been named a finalist in the annual Corporate Secretary Magazine Awards in the category of "Best Overall Governance, Compliance and Ethics Program." Brightpoint was a finalist along with AGCO, Fluor, The Hartford Financial Services Group and Xerox. The award-winners were decided by an eight-person judging panel including Michael Oxley, former US congressman and chairman of the House Financial Services Committee; Norman Veasey, former Chief Justice of Delaware; Roel Campos, former SEC commissioner; Dennis Johnson, former director of corporate governance, CalPERS; and Charles Elson of the John Weinberg Center for Corporate Governance, University of Delaware. "Brightpoint is pleased to be included as a finalist in the annual Corporate Secretary Magazine Awards," said Robert J. Laikin, Chief Executive Officer and Chairman of the Board of Brightpoint, Inc. "We realize the value of a successful corporate governance program and are glad to be recognized for our efforts." "Brightpoint's compliance and ethics programs are given high profile and are emphasized at all levels within our organization," stated Steven E. Fivel, Executive Vice President, General Counsel and Secretary of Brightpoint, Inc. "The entire Brightpoint team should be proud of the recognition we have received from Corporate Secretary and this is a testament to the hard work of a dedicated group of individuals." ...
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