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Non-Tech : Ingram Micro

IM 38.89

0.0%

Dec 13 4:00 PM EST

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To: Reseller who wrote (443)	1/10/2000 1:29:00 PM
From: flickerful	Read Replies (1) of 576

reseller...all. why is there heavy institutional buying as soon as a downgrade is released? [ and why is there a convenient exodus when upgrades come out?]... if it looks like a ________, chances are it's a ______. RESEARCH ALERT - Ingram Micro lowered NEW YORK, Jan 10 (Reuters) - Salomon Smith Barney said on Monday it lowered its rating on shares of Ingram Micro Inc. to outperform from buy. -- Downgrade relates to Compaq Computer Corp.'s acquisition of Inacom Corp.'s configuration and fulfillment operations on Ingram Micro, analyst wrote. -- Less optimistic about company's ability to offset lost Compaq revenue. -- New twelve month price target $16. -- Ingram stock down 1/16 to 12-1/2. ((Wall St. desk 212-859-1730))

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