| To: Raymund W who wrote () | 5/19/1999 7:43:00 PM | | From: Raymund W | | | |
Today's news...
Global DirectMail Trades as Systemax Today
Business Wire - May 19, 1999 08:25
PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--May 19, 1999--Global DirectMail Corp starts trading today as Systemax Inc. with the Company's New York
Stock Exchange trading symbol changing from GML to SYX and the corporate web site changing from www.globaldirectmail.com to www.systemax.com.
The new corporate description is as follows: "Systemax Inc. has developed an integrated system of branded e-commerce web sites, direct mail catalogs, and
relationship marketing to sell private label and name brand PC hardware, related supplies, and industrial products to businesses in North America and Europe. With
more than $1.5 billion in sales, Systemax is a Fortune 1000 company that is listed on the NYSE and traded under the symbol SYX."
Systemax asks all providers of print, electronic, online and Internet-based corporate, financial and trading information to make the appropriate changes in their
databases.
The Company changed its name to reflect the growing success of its integrated marketing system, featuring Internet, account relationship, and catalog sales, combined
with the success of the Company's fast-growing Systemax(TM) brand of build-to-order PCs.
CONTACT: Systemax Inc.
Investors: Kelly Maude, Investor Relations Director
516/625-1555 x7181.
E-mail: investinfo@systemax.com.
or
Hudson Stone Group
Media: Gary Fishman
212/889-1727
E-mail: gfish82403@aol.com. |
| | Systemax Inc. (SYX), formerly Global Directmail (GML) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
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| To: Raymund W who wrote (1) | 6/22/1999 8:26:00 PM | | From: Raymund W | | | |
Gee, this is one rockin' thread. The company is reasonably interesting, so there must be something to discuss about it...
I couldn't resist the price drop today; I bought back in at 10 even. Hopefully I'll be able to duplicate my success when the company was GML.
Here's why it dropped:
Systemax 2Q99 Net Sales & Profit Update
Business Wire - June 21, 1999 17:40
PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--June 21, 1999--Systemax Inc. (NYSE: SYX) said net sales for the second quarter ended June 30, 1999 are expected to increase 15-20% to $380-$395 million in line with analysts' estimates due to better than anticipated PC, Internet and Relationship Marketing sales offsetting slower than anticipated sales of higher-margin computer and industrial products.
This change in forecasted product mix, and its lower gross profit, would have resulted in net income of approximately $0.18 to $0.20 per share. The Company also expects to incur charges of approximately $6 million, equal to $0.10 per share, related to the write-down of various assets and certain non-recurring expenses, for the June quarter. The Company's anticipated results for the June quarter compare to analysts' consensus of $0.31 per share and actual EPS of $0.22 in the year ago second quarter. Actual results are scheduled to be announced July 29, 1999.
For the past year, Systemax has been remaking itself, rapidly building PC, Internet and Relationship Marketing sales volume, coupled with tight cost control, atop its older base of Inbound Catalog sales of computer and industrial supplies. "It is clear we are moving in the right direction, but it will take additional time for our impressive sales growth to reach the bottom line," said Richard Leeds, Chairman and CEO.
To help ensure profit growth, Mr. Leeds said he and CFO Steve Goldschein would review 1999 spending plans to ensure maximum operating leverage. In the interim, Mr. Leeds said the Company will continue to buy back shares in the open market using the Company's remaining 1.75 million share buyback authorization.
Systemax Inc. (www.systemax.com) has developed an integrated system of branded e-commerce web sites, direct mail catalogs, and relationship marketing to sell private label and name brand PC hardware, related computer products, and industrial products to businesses in North America and Europe. With more than $1.5 billion in sales, Systemax is a Fortune 1000 company that is listed on the NYSE and traded under the symbol SYX.
CONTACT: Investors:
Kelly Maude
Investor Relations Director
Systemax Inc.
516/625-1555, x7181
E-mail: investinfo@systemax.com
or
Media:
Gary Fishman
Hudson Stone Group
212/889-1727
E-mail: gfish82403@aol.com |
| | Systemax Inc. (SYX), formerly Global Directmail (GML) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
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| To: hdl who wrote (5) | 3/21/2000 7:24:00 AM | | From: ISOMAN | | | |
I saw the systemaxpc commercial advertising a Pentium III 500Mhz for $699
but when I went to the website
systemaxpc.com I could not find this el cheapo model.....
I knew there would be a catch...
Any insight, from this hopping thread? |
| | Systemax Inc. (SYX), formerly Global Directmail (GML) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
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| To: ISOMAN who wrote (6) | 4/26/2000 6:49:00 PM | | From: Raymund W | | | |
Isoman:
I checked out the website that you mentioned (www.systemaxpc.com), and it downloaded fine. Check out the following website for a recent SYX press release. They do have good products, and sell a lot of them.
siliconinvestor.com
Unfortunately for the stock price lately, it hasn't helped much... |
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