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

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
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.
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

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
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.
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

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
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.
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.