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Stock Market & Financial Investment News

News Breaks
March 10, 2014
08:57 EDTARW, DGIIDigi International expands distribution agreement with Arrow Electronics
Digi International (DGII) and Arrow Electronics ARW) announced they have signed a global distribution agreement expanding their existing successful North American distribution alliance. Arrow will offer leading Digi embedded products and Device Cloud by Etherios, which allows any device to communicate with any application anywhere in the world. Previously available to Arrow customers in North America, these solutions now are available globally.
News For DGII;ARW From The Last 14 Days
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November 12, 2014
12:51 EDTDGIIDigi International trading resumes, shares down 8% to $7.20
12:25 EDTDGIIDigi International reports fire at contract manufacturer in Thailand
Digi International announced that a fire that started around 5:00 AM local time significantly impacted the operations of SVI Public Company Limited, a contract manufacturer it utilizes near Bangkok, Thailand. Digi is still gathering facts about the fire, but believes the manufacturer’s facility has suffered significant damage. The manufacturer’s ability to serve Digi’s needs remains uncertain while the full extent of damage is ascertained. Digi believes the product families impacted include Xbee, XTend, Digi Connect and ConnectPort. All SVI operations that service Digi presently are suspended. Digi is assessing its ability to meet customer requirements by utilizing other existing SVI facilities, other existing contract manufacturing partners, new contract manufacturers, its own US facility, and existing inventory. Digi is also assessing the potential financial impact of the production constraints caused by the fire, and believes its revenue and gross margin will be impacted in at least the first quarter of fiscal 2015. The extent of this impact is being evaluated, the company said, adding that it intends to provide an update on this situation once additional information is available.
12:19 EDTDGIIDigi International trading halted, pending news
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