Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.44

+0.2%

1:50 PM EST

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To: Jdaasoc who wrote (73912)	5/30/2001 5:12:17 PM
From: Sun Tzu	of 93625

We'll see what the market thinks of TECD over the next few days. It may hold clues as to how much of "tech bottoming" is priced in. ST Tech Data Q1 earnings ahead of expectations CLEARWATER, Fla., May 30 (Reuters) - Hardware and software distributor Tech Data Corp. (NasdaqNM:TECD - news) said on Wednesday its first-quarter earnings fell 14.5 percent but still beat analyst expectations. The company said net income totaled $31.8 million, or 57 cents per diluted share, compared with $37.2 million or 68 cents a year earlier. Analysts had expected the company's earnings to range from 48 cents to 51 cents, with an average of 50 cents, according to Thomson Financial/First Call. The company said on March 28 it expected earnings of 45 cents to 53 cents per share. Revenues fell to $4.68 billion from $4.92 billion in the year-ago period. Looking forward, the company said it expects second-quarter earnings of 39 cents to 45 cents per share, on revenues ranging from $4.1 billion to $4.3 billion. Analysts on average had expected second-quarter income of 51 cents per share, according to First Call.

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