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Technology distribution company, Ingram Micro (IM - Analyst Report) 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.

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 Google Play Store. The distribution of the device in the U.S. will help Ingram Micro to expand its market share and increase sales growth.

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.(JNPR - Analyst Report), as well as other big technology companies, such as Hewlett-Packard Company (HPQ - Analyst Report), IBM Corp. and Microsoft Corp.

Currently, Ingram Micro has a Zacks Rank #4 (Sell).


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