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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
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Wednesday, July 30, 2008
Ingram Micro Appoints John Soumbasakis to Senior Vice President and General Manager of Strategic Divisions, North America
Comtex
SANTA ANA, Calif., July 30, 2008 /PRNewswire via COMTEX/ ----Ingram Micro (NYSE: IM) today appointed John Soumbasakis to Senior Vice President and General Manager of Strategic Divisions, North America.
In this new role, Soumbasakis will continue to serve as General Manager of Ingram Micro's high-growth Data Capture/Point-of-Sale (POS) Division, as well as lead the company's emerging consumer electronics divisions which include AVAD and DBL Distributing. The executive leadership within all three Ingram Micro divisions will work directly with Soumbasakis who ultimately reports to Ingram Micro's President of North America Keith Bradley.
"John's leadership and track record for success is proven and we are pleased to have him at the helm of our strategic growth initiatives," says Bradley. "The Data Capture/POS Division continues to grow profitably under John's watch and brings tremendous value and opportunity to our channel partners. We are eager to replicate this success within AVAD and DBL Distributing and build stronger synergies between these high-growth divisions."
Prior to his new role, Soumbasakis served as vice president and general manager of Ingram Micro's Data Capture/POS Division, a position he has held since September 2005. Under his leadership, Ingram Micro's Data Capture/POS Division has experienced record-setting year-over-year growth and is now recognized as one of the IT industry's top channel partners for sourcing all-in-one POS, AIDC and RFID technology solutions.
Early on in his career at Ingram Micro, which started in 2003, Soumbasakis served as vice president, corporate business development where he was responsible for supporting a broad North America restructuring program by managing 36 cross-functional implementation teams. In that role, Soumbasakis also led Ingram Micro's search for new, high-growth market opportunities and analysis of potential acquisition targets which resulted in Ingram Micro's purchase of Nimax (Data Capture/POS Division) in 2004 and AVAD in 2005.
Soumbasakis holds a master's degree in business administration from the Wharton School at the University of Pennsylvania and received his bachelor of arts in economics from Yale University. He resides in Irvine, California with his family.
About Ingram Micro
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves 150 countries and is the only broad-based global IT distributor with operations in Asia. Visit http://www.ingrammicro.com.
SOURCE Ingram Micro
http://www.ingrammicro.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Saturday, 07-26-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 07-03-2008 for IM @ $17.29. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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