Connection (PC Connection, Inc.; NASDAQ: CNXN), an industry-leading technology solutions provider of a full range of information technology (IT) solutions to business, government, and education markets, has been named a 2019 HP Inc. Partner of the Year. HP’s annual Partner of the Year Awards recognized top-performing partners for exemplary achievements in growth and innovation. Connection was honored with an HP U.S. Personal Systems National Solution Provider of the Year Award.
"Channel partners are the lifeblood of our business, and it's a pleasure to recognize the achievements of this year's partner award winners, each of whom have demonstrated exceptional growth through innovation and a true commitment to our mutual customers,” said Scott Lannum, Vice President and General Manager, Americas Commercial Channel Sales, HP Inc. "We congratulate Connection on this well-deserved recognition, and thank them for their continued partnership with HP.”
This award reflects Connection’s ability to help customers meet the demands of the modern workplace with computing solutions that deliver greater productivity, efficiency, and security. 2020 marks a monumental shift in the way millions of Americans connect, collaborate, and get work done. Connection has been able to help customers transform their workspace and make the transition rapidly and securely with procurement offerings, support services, productivity tools, and HP solutions designed to bring enterprise-level efficiency and security to home and remote work.
Tim McGrath, President and Chief Executive Officer of Connection said, "It’s a tremendous honor to be recognized through the HP Partner of the Year Awards Program. I would like to thank the entire HP team for their support. Connection will continue to build on our partnership with HP and explore new ways to deliver the exceptional value, service, and industry-leading innovations our mutual customers deserve.”
About Connection
PC Connection, Inc. and its subsidiaries, dba Connection, (www.connection.com; NASDAQ: CNXN) is a Fortune 1000 company headquartered in Merrimack, NH. With offices throughout the United States, Connection delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, OH. In addition, the Company has over 2,500 technical certifications to ensure that it can solve the most complex issues of its customers. Connection also services international customers through its GlobalServe subsidiary, a global IT procurement and service management company. Investors and media can find more information about Connection at https://ir.pcconnection.com.
Connection–Business Solutions (800.800.5555) is a rapid-response provider of IT products and services serving primarily the small-and medium-sized business sector. It offers more than 425,000 brand-name products through its staff of technically trained sales account managers, publications, and its website at www.connection.com.
Connection–Enterprise Solutions (561.237.3300), www.connection.com/enterprise, provides corporate technology buyers with best-in-class IT solutions, in-depth IT supply-chain expertise, and access to over 425,000 products and 1,600 vendors through TRAXX™, a proprietary cloud-based eProcurement system. The team’s engineers, software licensing specialists, and project managers help reduce the cost and complexity of buying hardware, software, and services throughout the entire IT lifecycle.
Connection–Public Sector Solutions (800.800.0019), is a rapid-response provider of IT products and services to federal, state, and local government agencies and educational institutions through specialized account managers, publications, and online at www.connection.com/publicsector.
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Warren Buffett's preferred market gauge has jumped to its highest level since October 2007, suggesting worldwide stocks are the most overvalued since the financial crisis.
"Buffett indicator sounds the alarm," Welt market analyst Holger Zschaepitz tweeted. "Global stock mkt cap has now topped 120% of global GDP, and thus the same level as before the crash in 2008."
Buffett described the indicator in 2001 as "probably the best single measure of where valuations stand at any given moment."
The famed investor said it "should have been a very strong warning signal" when the indicator hit a fresh high before the dot-com bubble burst.
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Warren Buffett's favorite market indicator surged to a 13-year high on Sunday, signaling global stocks are the most overvalued since the financial crisis and ripe for a correction.
The global version of the "Buffett indicator" takes the combined market capitalizations of publicly traded stocks worldwide and divides it by global GDP. A reading north of 100% suggests the global stock market is overvalued relative to the world economy.
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The gauge climbed past 121% last weekend, Bloomberg data shows, marking its highest reading since October 2007. Welt market analyst Holger Zschaepitz flagged the worrying milestone in a tweet.
"Buffett indicator sounds the alarm," he said. "Global stock mkt cap has now topped 120% of global GDP, and thus the same level as before the crash in 2008."
Buffett trumpeted the indicator in a Fortune article in 2001. The billionaire investor and Berkshire Hathaway CEO described it as "probably the best single measure of where valuations stand at any given moment."
It "should have been a very strong warning signal" when the gauge soared to a record high shortly before the dot-com crash, he added.
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However, the gauge is far from perfect. For example, it compares current stock valuations to GDP last quarter, and there is significant variation in the quality and frequency of GDP data across different countries.
Moreover, the coronavirus pandemic has sparked widespread economic restrictions that have artificially depressed GDP in recent months. Stocks have also benefited from extraordinary stimulus efforts by governments seeking to shore up their economies as they weather the current crisis.
Here's the global version of the Buffett indicator:
Bloomberg
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