INDIANAPOLIS, May 6, 2009 (GLOBE NEWSWIRE) -- The wRatings Corporation, an independent stock research firm, announced today the results of their annual Most Competitive Media & Telecom Study, which was sponsored by Capgemini. In the report, Brightpoint, Inc. (Nasdaq:CELL) was ranked as the #14 Telecom company in 2009 with a W Score(tm) of 51.2.
"Brightpoint is pleased to have moved up nine spaces from 2008 to #14 in 2009 in the 'Most Competitive Telecom Providers' list," stated Robert J. Laikin, Chairman of the Board and Chief Executive Officer of Brightpoint, Inc. "As a low cost service provider to the global wireless industry, we remain committed to differentiating ourselves by providing the highest quality of service to our customers and vendors."
Gary A. Williams, CEO and Founder of wRatings added, "Customers rated Brightpoint high mostly due to their economies of scale and their innovative approach to customer service. Building a competitive edge is difficult in any economy, but the company is making the right moves to impress customers. Brightpoint is building 'tough to replicate' advantages through their unique delivery chain."
The Most Competitive report series from wRatings identifies the best performing companies through a patented method that blends financial and customer data. To arrive at the rankings, wRatings asks customers how well companies meet their expectations every quarter. The customer ratings are categorized by nine competitive moats, or barriers to entry companies create to protect against rivals taking their customers and, ultimately, their profits. Each W Score blends a company's historical economic profit with its competitive moat scores.
The 2009 edition of Most Competitive Media & Telecom companies shows a breakdown of the top 20 in each industry, unveils critical trends in customer expectations and pricing power, and spotlights several companies from the top 20. You can access a complimentary version of the report here:
Capgemini: http://www.us.capgemini.com/DownloadLibrary/requestfile.asp?ID=739
SAP: http://www.sap.com/usa/industries/media/index.epx or
http://www.sap.com/usa/industries/telecom/index.epx
wRatings: http://www.wratings.com/projections.php?s=918 (limited time only)
About wRatings Corporation
The wRatings Corporation is an independent stock research firm based in metro Washington DC. The company was founded by Harvard Business Review and book author, Gary A. Williams. He and his team continually study consumer and executive buying behavior to project the future earnings performance of companies. Since 1999, their original set of leading indicators uses a common framework to measure the competitive strength of companies. For more information, visit www.wRatings.com.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2008, Brightpoint handled approximately 84 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, e-Business solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 3,000 employees in more than 25 countries. In 2008 Brightpoint generated revenue of $4.6 billion. Brightpoint provides distribution and customized services to more than 25,000 B2B customers worldwide. Additional information about Brightpoint can be found on its website at www.brightpoint.com, or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).
Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint, including, but not limited to, statements regarding potential spending reductions resulting from the elimination and proposed elimination of positions and the streamlining of operations and its ability to achieve cost savings and debt reduction as part of its 2009 Spending and Debt Reduction Plan. These statements are only predictions and actual events or results may differ materially. Please refer to the documents Brightpoint files, from time to time, with the Securities and Exchange Commission, including Brightpoint's most recent Form 10-K and Form 10-Q and Exhibit 99.1, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.