Technology distribution company,
) inked a deal earlier this week with NanoTech Entertainment,
Inc., a global leader in 3D and manufacturing technology, for the
distribution of NanoTech´s Nuvola NP-1 4K UHD streaming video
player to channel partners in the U.S.
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The Nuvola NP-1 features 2GB DDR RAM, 16GB internal flash storage
and has external connections for USB storage devices. In
addition, this media player uses the NVIDIA Tegra 4 processor
available on Android OS devices and can also access the
) Play Store. The distribution of the device in the U.S. will
help Ingram Micro to expand its market share and increase sales
According to a recent survey by NPD Display, approximately 1.9
million Ultra HD/4K TV products will be shipped in the current
year with the number increasing to 12.7 million units in 2014.
Thus Ingram is likely to benefit from this increasing trend and
expand its supply-chain solutions portfolio. On the other hand,
NanoTech will benefit from increased geographical presence with a
vast distribution network.
Apart from this, Ingram Micro recently announced the expansion of
its mobility lifecycle services to Latin America (LATAM) through
Ingram Micro Mobility. The expanded services will provide a
complete solution to manufacturers, retailers, network operators,
resellers and existing Ingram Micro customers.
Moreover, we believe that the cost benefits of cloud computing
are pushing different companies toward massive information
technology restructuring and upgrades. This is one of the reasons
that SMBs have been investing in the area despite the economic
weakness that has led to a slump in overall IT spending. We
expect this to work in favor of distributors like Ingram.
Though the company's significant European exposure and high debt
burden are concerns, we are positive about Ingram Micro's
strategic relationship with networking giant
Juniper Networks Inc.
), as well as other big technology companies, such as
), IBM Corp. and Microsoft Corp.
Currently, Ingram Micro has a Zacks Rank #4 (Sell).