Word of the Day

Exchange-Traded Fund

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.

Home / Markets / Industries / Retail

Tuesday, July 01, 2008

Insight Enterprises, Inc. Appoints New Member to Board of Directors

Email this Story | Respond to Editor | Print

Comtex

TEMPE, Ariz., Jul 01, 2008 (BUSINESS WIRE) ----Insight Enterprises, Inc. (the "Company") (NASDAQ: NSIT), a leading, global provider of technology solutions, today announced that Anthony A. Ibarguen has been appointed to the Company's Board of Directors effective July 1, 2008.

"I am very pleased to announce Tony Ibarguen's appointment to the Board," said Richard A. Fennessy, president and chief executive officer of Insight Enterprises. "Tony brings more than 20 years of experience with leading companies in the technology industry to his board service. His IT industry experience and deep expertise in sales, marketing and operations brings a great source of knowledge to us as we continue our focus on evolving our value proposition and accelerating growth at Insight."

Mr. Ibarguen is Chairman of the Board of Alliance Consulting Group, a privately-held IT consulting and software solutions firm with operations in the U.S. and India, where he was previously President and CEO. Prior to joining Alliance, he acquired, developed and managed IT-oriented growth companies as Managing Director at Safeguard Scientifics (NYSE:SFE) and Internet Capital Group (NASDAQ:ICGE). Mr. Ibarguen was previously President of Tech Data Corporation (NASDAQ:TECD). During his tenure at $20 billion Tech Data, the company grew its revenue and net profits by over 50% per year while expanding its operations globally. Earlier in his career, he held executive management positions at Entex Information Services (now Siemens Business Services) and IBM Corporation. Mr. Ibarguen is currently a member of the board of directors of Codi, Inc. and is on the board of trustees of The Baldwin School and the Pennsylvania Academy of Fine Arts. He has previously served on the board of ten other public and private companies and holds degrees from Boston College and Harvard Business School.

Mr. Ibarguen qualifies as an independent director in accordance with NASDAQ listing requirements. He was appointed as a Class I director and will stand for election to the board at the 2009 annual meeting of stockholders.

About Insight

Insight Enterprises, Inc. is a leading provider of brand-name information technology ("IT") hardware, software and services to large enterprises, small- to medium-sized businesses and public sector institutions in North America, Europe, the Middle East, Africa and Asia-Pacific. The Company has more than 5,300 teammates worldwide and generated sales of $4.8 billion for its most recent fiscal year, which ended December 31, 2007. Insight is ranked number 477 on Fortune magazine's 2008 'Fortune 500' list. For more information, please call (480) 902-1001 in the United States or visit www.insight.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Insight Enterprises, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

SOURCE: Insight Enterprises, Inc.

Insight Enterprises, Inc., Tempe Helen Johnson, 480-333-3234 Senior VP, Treasurer and Investor
   Relations Helen.Johnson@insight.com Amy Kweder, 480-333-3104 Senior Manager, Corporate Communications Amy.Kweder@insight.com