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Non-Tech : Ingram Micro

IM 38.89

0.0%

Dec 13 4:00 PM EST

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To: William L. Oppenheim who wrote (299)	3/11/1999 7:52:00 PM
From: BrooksR	Read Replies (1) of 576

Bill, My wife works at Ingram and I have purchased from them for over 10 years. They've announced some layoffs today to cut costs. Last quarters earnings were just a couple pennies off the analysts, and IM got murdered. Later, some competitors announced lower than average earnings and IM was pulled down with them. I think its a strong company with good management and will climb back up to its highs in the 50s. Right now you could look at it as a bargain. If you examine the fundamentals, they are strong, the company is making lots of money. - Brooks

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