CMGI Cmgi (MM)

ModusLink� Corporation, a subsidiary of CMGI�, Inc. (NASDAQ: CMGI) and leading provider of global supply chain management solutions, today announced it has signed a multi-year contract with Toshiba Electronics Europe (Toshiba) to manage the company�s European supply chain for a variety of its storage products. As part of the contract, ModusLink will deliver a wide range of supply chain solutions, including its popular Optimized Configuration Solution, in this case leveraging its Brno Solution Center in the Czech Republic to efficiently and cost effectively finalize configuration of five different base components into hundreds of different finished goods to meet specific customer demand with less inventory cost and risk. Toshiba also has tapped ModusLink�s retail fulfillment expertise to reduce the cost, complexity and lead time of direct shipment to distributors throughout Europe. �We chose to partner with ModusLink given its expertise and ability to deliver proven results in managing the supply chain for storage and consumer electronics products from some of the world�s biggest brands,� said Ryoichi Shikama, president of Toshiba Electronics Europe. �It is a defining time for Toshiba as we continue to make strides and build market share for our leading products. As customer demand grows, it is essential that we drive the highest levels of efficiency in our supply chain to ensure the satisfaction of our customers and we feel confident that ModusLink is the right partner to help us achieve our goals, while keeping costs down.� The full scope of services to be rendered include sourcing and supply base management, optimized configuration, packaging design and light manufacturing, with services delivered in a phased approach. �We are thrilled that Toshiba has chosen ModusLink as its supply chain partner in Europe,� said Joseph C. Lawler, chairman, president and chief executive officer of CMGI. �In today�s competitive, high-tech market, supply chain flexibility and cost effectiveness are critical for ensuring customer retention and driving profitability. We are committed to our role in helping Toshiba drive increased productivity throughout its supply chain.� About Toshiba Electronics Europe Toshiba Electronics Europe (TEE) is the European Headquarters for the electronic components business of Toshiba Corporation, which is the world's fourth largest semiconductor vendor according to estimates by Dataquest. Providing design, manufacturing, marketing and sales, TEE was formed in 1973 in Neuss, Germany. The company now has headquarters in D�sseldorf, Germany and subsidiaries in France, Italy, Spain, Sweden and the United Kingdom. Company president is Mr. Shikama and the total number of personnel in Europe is around 400. Toshiba Electronics Europe offers one of the industry's broadest IC and discrete product lines including high-end memory, microcontrollers, ASICs, ASSPs and display products for automotive, multimedia, consumer, telecoms and networking applications. The company also has a wide range of power semiconductor solutions. For more company information visit Toshiba's web site at www.toshiba-components.com. About ModusLink ModusLink Corporation is a leading provider of global, end-to-end supply chain management solutions. The company provides technology clients in the software, computing, consumer electronics, storage and communications markets with customized supply chain solutions that improve time-to-market, productivity and customer satisfaction while reducing risk and cost. ModusLink's services include consulting and planning, sourcing and supply base management, manufacturing and product configuration, fulfillment, logistics management, e-commerce and the complete range of aftermarket services. ModusLink has 34 facilities in 13 countries, creating the largest global footprint in the industry. With headquarters in Waltham, Massachusetts, the company is a subsidiary of CMGI, Inc. (NASDAQ: CMGI). For additional information, visit www.moduslink.com. About CMGI CMGI, Inc. (NASDAQ: CMGI), through its subsidiary ModusLink, provides industry-leading global supply chain management services and solutions that help businesses market, sell and distribute their products around the world. In addition, CMGI�s venture capital business, @Ventures, invests in a variety of technology ventures. For additional information, visit www.cmgi.com. This release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits of the business relationship between ModusLink and Toshiba. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: ModusLink is not designated as this client�s sole supplier of the services referenced in this press release; ModusLink frequently sells to its supply chain management clients, including the client referenced in this press release, on a purchase order basis and therefore its sales are subject to demand variability; ModusLink's success depends on its ability to execute on its business strategy and the continued and increased demand for and market acceptance of its solutions and services; ModusLink may not be able to expand its operations in accordance with its business strategy; ModusLink may experience difficulties integrating technologies, operations and personnel in accordance with its business strategy; ModusLink derives a significant portion of its revenue from a small number of customers and the loss of any of those customers would significantly damage its financial condition and results of operations; increased competition and technological changes in the markets in which ModusLink competes; and risks associated with international operations. ModusLink represents a significant percentage of CMGI's operations and the occurrence of any of the foregoing factors may have an adverse effect on CMGI�s results of operations and financial results. For a detailed discussion of cautionary statements that may affect CMGI's future results of operations and financial results, please refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us. ModusLink is a registered trademark of ModusLink Corp. and CMGI is a registered trademark of CMGI, Inc. All other company names and products are trademarks or registered trademarks of their respective companies.