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Technology Stocks : ICO (Inacom) LeadingTech Mgmt Services Co
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To: JEFF JORGENSON who wrote (224)2/12/1999 11:38:00 AM
From: Albert Youssef  Read Replies (1) of 274
 
I saw a blurb about the Inacom presentation at the GS Technology conference. Apparently, management was upbeat. They indicated that distribution was decreasing as a percentage of their business, and that services was continuing to grow. With the Vanstar acquisition, the breadth of their services offerings will improve. Management is confident in services market share growth, with expectations that their services business will grow 30% in 1999 compared to 17% for the market as a whole.

The Vanstar merger will close 2/17. ICO will report a charge of $160-235MM in 1999. Management expects synergies of $150MM annually, and expects to realize $80-90MM in synergies in 1999.

If all this pans out the way management is presenting it, I'd think that Inacom is a steal at these prices.
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