John quotes Fleckenstein: >>>Proof positive: PC sales poor... It would appear that crystal clear information is
coming forth that PC sales are dismal this quarter. By that I mean the revelations
by Ingram Micro (IM) and InaCom (ICO), the former being the largest PC
distributor in the world, with revenues of about $22 billion, and the latter the
biggest corporate reseller, with revenues of $5-6 billion. The comments these
folks made are proof positive that things are poor in the PC world. Ingram
Micro's growth rate was less than half of what it's been for virtually every quarter
for the last four years. InaCom, meanwhile, missed its earnings assessments by
close to 40 percent.<<<
Looks like Fleck has been hanging around the Michael Burke thread where they've been hyping the Ingram and InaCom tales of woe as portending a huge inventory glut. Or maybe he's there himself with an alias. Or, maybe he's Burke. Maybe all of them over there ought to think about the fact that there's a new pair of dimes (™ Burke thread) happening whereby companies no longer go through any middle man such as Ingram or InaCom. They go direct to Dell, Compaq, Micron, etc., in many cases on line, and save money. Who needs middle men anyway, if you know what you want and can get it direct. These bears, da bears, throw up anything they can come across to try to cause stocks they're short in, like Intel or Dell, to crash. Good luck. I saw Fleckenstein on at least four different business shows in one week a few weeks ago, in which they about had to use the hook or a gag to shut him up with his tech stocks suck line he was so pathetically trying to sell.
He is pathetic.
Tony |
