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Technology Stocks : Intel Corporation (INTC)

INTC 45.07

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To: Dan3 who wrote (134361)	5/8/2001 12:14:16 AM
From: Dan3	Read Replies (1) of 186894

Tech Data, Ingram Micro Execs: No Rebound Yet By Eric Hausman, CRN New York 1:51 PM EST Fri., May 04, 2001 Sorry if already posted. They claim to be upbeat, even if they don't seem to quite know why. Executives from the industry's two largest distributors said Friday they have yet to see any real improvement in the PC market and were unwilling to provide financial guidance beyond the current quarter. However, the distribution executives remained upbeat regarding the future of the distribution segment and predicted their focus on gross margins and cost-cutting will result in growth once the business market improves. "We haven't seen the rebound anticipated by Wall Street," said Steve Raymund, chairman and CEO of Tech Data, speaking to investors at the Merrill Lynch Hardware Technology Conference here. channelweb.com

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