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Non-Tech : Ingram Micro

IM 38.89

0.0%

Dec 13 4:00 PM EST

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To: Judy Muldawer who wrote (134)	4/29/1997 7:11:00 PM
From: Tim Karpinski	of 576

Yeh... I'm also adding to my position ...especially after today's news about IE...The problem, as I interpreteted it from the conference call after earnings,(and the reason WHY the stock has dropped even after a good earnings report)is that the margin's are still too thin... We're talkin RAZOR thin...1.9 % in some area's... But....IM realizes this and had taken action to resolve this...One was their buy-out of IE, (which apparently had business practices that sold at or below cost, which will catch up to you in the long run) and their cost cutting programs... BTW..the conference call was VERY bullish...IM even did good in Europe !!! quote.yahoo.com Look for another outstanding qtr... Regards, Tim

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