Ingram Micro Inc. announced that it is extending the reach of its Ingram Micro Mobility services and solutions capabilities with the opening of a new facility in Costa Rica. As the repair facility in Costa Rica, the facility will further support Ingram Micro Mobility's growing business in Latin America. Initially, the facility will be fully dedicated to supporting the company's mobile device lifecycle services, specifically device recovery and technical repair. The facility primarily serves Ingram Micro Mobility's partnership with a major U.S. mobile carrier, creating added capacity and efficiencies to support smartphone recovery operations. In addition to creating more than 300 jobs in Costa Rica with the opening of this facility.

V7 unveiled its new line of V7 flash drives and memory cards, expanding its lineup of memory products that offer storage capacity, reliability, fast data transfer and media access at exceptional price points. Designed to safeguard and easily transport data, photo, video and music files from home to work or school, V7 memory products are available in a variety of colors, capacities and formats to meet the demands of today's digital media-hungry consumers. Now available, the newest V7 product lineup includes an array of mini-flash USB drives, USB 2.0 and 3.0 flash drives, SDHC Class 4 and 10 memory cards, and Micro SDHC Class 4 and 10 cards with adapters. Compatible with today's sophisticated devices, including computers, tablets, cameras and video cameras, the new additions to the V7 memory line all leverage high-quality storage media and high-speed data transfer for rapid upload and download of files. Backed by a limited 5-year warranty, V7 memory products can withstand the test of time and wear, securing 10 years of data retention through 10,000 program/erase cycles. All V7 memory products are plug and play-compatible with Windows 2000/XP/Vista/7/8, Mac OS 9.0+ and Linux Kernel 2.4 operating systems. V7 is making its new lineup of memory products readily available to e-retailers and channel partners worldwide. The V7 Nano USB flash drive is offered in four capacities: 4GB MSRP $9.99; 8GB MSRP $14.99; 16GB MSRP $24.99; and 32GB MSRP $49.99. The family of V7 USB 2.0 and 3.0 flash drives feature a cap-less, slide-out, retractable design so users won't lose the cap, while still protecting the USB connector from dirt and dust. Offered in an impact-resistant housing with a black gloss finish, the USB 2.0 drive can transfer data at 480Mbps, while the USB 3.0 drive can transfer data at 4.8 Gbps and is backward compatible with USB 2.0. The V7 USB 2.0 flash drives, available in various capacities, are priced as follows: 4GB MSRP $9.99; 8GB MSRP $14.99; 16GB MSRP $24.99 and 32GB MSRP $49.99. V7 3.0 USB flash drives, also available in various capacities, are priced as follows: 8GB MSRP $16.99; 16GB for $29.99; 32GB for $54.99.

Ingram Micro Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $10,262,444,000 against $8,635,381,000 a year ago. Income from operations was $90,796,000 against $104,051,000 a year ago. Income before income taxes was $76,052,000 against $88,590,000 a year ago. Net income was $49,759,000 against $89,973,000 a year ago. Diluted earnings per share were $0.32 against $0.58 a year ago. Non-GAAP operating income was $115.8 million (1.13% of total sales), which excludes $13.2 million pre-tax, or 13 basis points, in charges associated with restructuring, integration and transition costs and other expense reduction programs, and $11.8 million pre-tax, or 11 basis points, of expense for amortization of intangible assets. This compares with non-GAAP operating income for the 2012 first quarter of $110.0 million (1.27% of total sales), which excludes pre-tax costs of $3.1 million, or 4 basis points, associated with restructuring and transition costs, as well as $2.9 million pre-tax, or 3 basis points, of expense for amortization of intangible assets. Non-GAAP net income was $63.1 million, or 41 cents per diluted share, which excludes the negative impact of $8.7 million after-tax charges associated with restructuring, integration and transition costs and other expense reduction programs. GAAP and non-GAAP net income was also impacted by a higher than anticipated effective tax rate of 34.6% for the quarter. CapEx for the quarter was $15 million. For the 2013 second quarter, the company currently expects a 1% to 4% sequential increase in revenue, with consolidated gross margin flat to slightly up. The company's expectations are based on operating leverage, stronger contribution from higher margin areas, growth in emerging markets and continued recovery in Australia. The company continues to expect a full year effective tax rate of around 32%.