CDW Computer Centers Inc
Industry: Retail (Catalog & Mail Order)

CDW(R) , a FORTUNE 500 company, is a direct solutions provider, offering complete, customized technology solutions for businesses, government agencies and educational institutions nationwide. CDW is a leading source of technology products and services from companies such as Cisco, Compaq, Hewlett-Packard, IBM, Microsoft, Sony, Toshiba and other top name brands.

Business Summary
CDW Corporation (CDW) is a direct marketer of multi-brand computers and related technology products and services in the United States. The Company's product offering includes hardware and peripherals, software, accessories and other products. It offers customers a range of technology products from brands, such as Adobe, APC, Apple, Cisco, Hewlett-Packard, IBM, Microsoft, Sony, Symantec, Toshiba and ViewSonic, among others. CDW provides a variety of value-added services and Web-based tools to customers, including the ability to custom configure multi-branded solutions, manage software licenses through its Software License Tracker tool, track tagged assets through its IT Asset Management Tracking Database and generate online quotes. The Company also offers around-the-clock technical support to its customers. The Company has two operating segments, corporate and public sector.

Financial Summary
For the nine months ended 30 September 2005, CDW Corporation's revenues increased 11% to $4.68B. The Company's net income for the period increased 13% to $201.6M. Revenues reflect strong unit volume growth and market share gains. Earnings also benefitted from a decrease in cost of sales as a percentage of revenues, increased interest income, and a lower effective income tax rate.