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Technology Stocks : TECD - Tech Data

TECD 144.90

0.0%

Jun 30 5:00 PM EST

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To: kendall harmon who wrote (382)	2/3/1999 2:55:00 AM
From: Dale Stempson	of 584

RE: J.C. Bradford Strong Buy Reiteration Kendall, Thanks for posting the report. I believe these folks have the right ideas: * Price war a short-term issue; fundamentals remain strong * Sales in line; demand remains strong * Estimates reduced; reiterate Strong Buy rating I thought it was interesting that they formally issued their Strong Buy comments only four hours after Tech Data released their preliminary data. There was certainly no hesitation on their part. They acknowledged the near-term concerns, updated the estimates and reviewed the current valuation. After quickly dropping to $22-1/8 a share, the damage was done, (and then some). What else could they do but reiterate a "Strong Buy" recommendation? I hope a few more analysts see the opportunity here. Since 10 more firms are currently holding "Buy" or better ratings, perhaps we'll soon see additional affirmations. Regards - Dale

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