For over 14 years, CHS Electronics was a distributor of microcomputer products, personal computers, peripherals, networking products and software. In February 2000, it filed for bankruptcy after a class action lawsuit.[1] On March 19, 2002 the Florida Southern District Court dismissed the class action suit against CHS and management.[2]
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The company sold hardware and software products such as local area networks, disk drives, printers, personal computers, random access memory chips, central processing units and integrated circuit boards. The principal vendors of the company included Seagate, Hewlett-Packard, Microsoft, IBM, Sun and Creative Labs, 3Com, Microsoft, Epson and Intel. The company operated in 46 countries mainly in Western Europe, Eastern Europe and Latin America.[3]
During the year 1998, the company acquired Metrologies International SA and subsidiaries of SiS Distribution Ltd including 14 other acquisition. The company has operations in the United States, Western Europe, Eastern Europe and Latin America. The companies customers include assemblers of non branded component products and resellers.[4]
Miami-based CHS Electronics, ranked number 320 on the 1998 Fortune 500 list of the largest U.S.-based industrial corporations with sales of $7.5 billion and net income of $87.9 million for the last four quarters, was a leading international distributor of microcomputers, peripherals, and software to more than 130,000 resellers in 46 countries in Europe, Latin America, Asia, the Middle East and Africa, until its bankruptcy due to an investigation of tax fraud.