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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: kenyshoe who wrote (527)	4/27/1999 9:13:00 PM
From: Dale Stempson	Read Replies (1) of 584

From H&Q Tech Conference today: >>> Jeff Howells, chief financial officer of of Tech Data Corp. (TECD: news, msgs), a wholesale distributor of information technology products, said "this is a dynamic time for Tech Data." Howells forecast that the company could report $16 billion in sales for 1999, as the company continues to expand vendor partnerships with such big-name tech companies as Compaq, Hewlett-Packard, Cisco and IBM; grow its Web business; and increase its international efforts. Howells said the company is on track to report first-quarter revenue ranging from $3.7 billion to $3.9 billion, with net income of 52 cents a share. <<< Ref: cbs.marketwatch.com This sounds good to me, and could be even better if he's being conservative. Regards - Dale

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