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Technology Stocks : TECD - Tech Data
TECD 144.900.0%Jun 30 5:00 PM EST

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To: Sun Tzu who wrote (460)2/22/1999 10:22:00 PM
From: John K. Culley  Read Replies (1) of 584
 
This is probably the worst news for those of us unfortunate enough to be still long TECD....Also explains todays price action:

Monday February 22, 9:40 pm Eastern Time

Compaq suspends consumer PC sales to Web retailers....

Ingram Micro Inc. (NYSE:IM - news) and Tech Data Corp. (Nasdaq:TECD - news), the leading wholesale distributors of PCs, who sell CompaqPCs to Internet retailers, were asked by Compaq to quit selling PCs to the companies while it evaluates its online sales strategy.

For complete story, see....

dailynews.yahoo.com

Regards,

Jack
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