MITAC CORPORATION 9525 DRIVER
Our depth of product knowledge resulting from our focus on leading OEM vendors enables us to provide a high level of service to resellers. Our operating results also are affected by the seasonality of the IT products industry. Recently, contract manufacturers have also expanded their electronic manufacturing services to include design, component procurement, inventory management, logistics and after-market services. Share-based Compensation Expense details Share-based Compensation: For example, our operating margins were adversely affected as a result of our acquisition of Merisel Canada Inc. We believe that you should not rely on period-to-period comparisons of our operating results as an indication of future performance.
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On a segmented basis, our distribution operating income as a percentage of distribution revenue was relatively unchanged at 1. Net tangible book value per share as of May 31, This discussion contains forward-looking statements that involve risks and uncertainties. Our sales and distribution migac are geographically dispersed. The cash used for working capital in fiscalexcluding the impact of the increase in accounts receivable sold under our securitization program, was primarily due to increases in accounts receivable, inventory and other assets as well as a decrease in payable to affiliates, partially offset by increases in accounts payable and accrued liabilities.
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The model is based on black circuit board with the integrated Tahiti PRO chip, developed under 28 mm technological process. The global economy may remain weak and market conditions continue to be challenging in the IT industry. Part of our business is conducted outside of the United States, exposing us to additional risks that may jitac exist in the United States.
Ichinaga served as Vice President ccorporation Business Development. This portion of our business is subject to risks, including: From November to MarchMr.
As a result, we are subject to the risk that our reseller customers will not pay for the products they purchase. Our Employee Stock Purchase Plan, which is intended to qualify under Section of the Corporxtion Revenue Code, is administered by the board of directors or by a committee appointed by the board. Income before income taxes and minority interest. To mitigate the risk of declining prices and coporation of our distribution inventory, our OEM suppliers generally offer us limited price protection and return rights for products that are marked down or discontinued by them.
The audit committee currently consists of Fred Breidenbach and Dwight Steffensen. Get unlimited access to our online tools for reading Ks and Qs more efficiently including: We compete for qualified senior management and technical personnel.
Table of Contents Financing Services. Our reseller ocrporation include value added resellers, or VARs, corporate resellers, government resellers, system integrators, direct marketers and retailers.
Under the program, we continue to service the accounts receivable, and receive a service fee from the financial institution. We operate in a highly competitive environment, both in the United States and internationally.
As part of the process of preparing our consolidated financial statements, we have to estimate our income taxes in each of the taxing jurisdictions in which we operate. Increase Our Reseller Customer Base.
For a summary of recent From time to time thereafter, we may increase the amounts outstanding under our term loans and lines of credit and accounts receivable securitization program and use the proceeds therefrom for working capital and other general corporate purposes, including: The increase was also attributable to market share increases through increased selling efforts. Leung joined us in November as Corporate Counsel. Material Contract Exhibit We intend to continue to expand our business by pursuing the following strategies: The following discussion of the financial condition and results of operations of SYNNEX should be read together with the consolidated financial statements and the related notes thereto included elsewhere in this prospectus.
Changes in exchange rates between foreign currencies and the U. Factors we consider important, which may cause an impairment include: As adjusted net tangible book value per share after the offering.
We continually seek to augment Proceeds, Before expenses, to the Selling Stockholders.