Good News for PC Connection

Finally some good news for Merrimack, NH-based PC Connection. The computer reseller, which announced that its General Services Administration (GSA) contract with the federal government had been terminated on Nov. 14, received a waiver of a technical default from its lenders regarding the loss of its contract.

Under terms of the original lending agreement, any event that adversely affects a subsidiary of PC Connection is grounds for default. PC Connection maintains a $45 million line of credit as well as key inventory purchase security agreements with its lenders.

PC Connection says its GSA contract accounted for $56 million in revenue and $4.8 million in gross profit for the first nine months of 2003.

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Good News for PC Connection

Finally some good news for Merrimack, NH-based PC Connection. The computer reseller, which announced that its General Services Administration (GSA) contract with the federal government had been terminated on Nov. 14, received a waiver of a technical default from its lenders regarding the loss of its contract.

Under terms of the original lending agreement, any event that adversely affects a subsidiary of PC Connection is grounds for default. PC Connection maintains a $45 million line of credit as well as key inventory purchase security agreements with its lenders.

PC Connection says its GSA contract accounted for $56 million in revenue and $4.8 million in gross profit for the first nine months of 2003.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.

Good News for PC Connection

Finally some good news for Merrimack, NH-based PC Connection. The computer reseller, which announced that its General Services Administration (GSA) contract with the federal government had been terminated on Nov. 14, received a waiver of a technical default from its lenders regarding the loss of its contract.

Under terms of the original lending agreement, any event that adversely affects a subsidiary of PC Connection is grounds for default. PC Connection maintains a $45 million line of credit as well as key inventory purchase security agreements with its lenders.

PC Connection says its GSA contract accounted for $56 million in revenue and $4.8 million in gross profit for the first nine months of 2003.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.

Good News for PC Connection

Finally some good news for Merrimack, NH-based PC Connection. The computer reseller, which announced that its General Services Administration (GSA) contract with the federal government had been terminated on Nov. 14, received a waiver of a technical default from its lenders regarding the loss of its contract.

Under terms of the original lending agreement, any event that adversely affects a subsidiary of PC Connection is grounds for default. PC Connection maintains a $45 million line of credit as well as key inventory purchase security agreements with its lenders.

PC Connection says its GSA contract accounted for $56 million in revenue and $4.8 million in gross profit for the first nine months of 2003.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.