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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (43487)	6/7/1999 11:40:00 PM
From: Susan G	Read Replies (1) \| Respond to of 120523

Marketgems on the water. <vbg> Have a great time Jenna, you deserve the break! Hopefully you'll get to sleep before 4 am each night.

To: Jenna who wrote (43487)	6/7/1999 11:54:00 PM
From: Burjis S.	Read Replies (1) \| Respond to of 120523

Jenna ... Have a great Vacation..... I have a great recipe for grilled King Fish! Have a fun time and we will try and hold up the fort here for you. Best wishes, Burj

To: Jenna who wrote (43487)	6/7/1999 11:59:00 PM
From: Jenna	Respond to of 120523

Tech Data Reports Record First Quarter Sales; Net Income Increases 21% CLEARWATER, Fla., June 7 /PRNewswire/ -- Tech Data Corporation (Nasdaq: TECD - news) announced today record sales for its first quarter ended April 30, 1999. Sales for the quarter increased 77% to $3.88 billion from $2.18 billion for the comparable quarter last year. Net income increased 21% to $28.0 million, or $.53 per diluted share, compared with last year's first- quarter net income of $23.1 million, or $.46 per diluted share. The company experienced strong first quarter sales in all product divisions, led by the systems division which increased 104% over the comparable period last year. Peripherals, software and networking sales grew 78%, 71% and 49%, respectively. Excluding the effect of acquisitions, first quarter sales growth rates were 17%, 18%, 12% and 17% in the U.S., Europe, other international markets and worldwide, respectively. U.S. business represented approximately 46% of overall sales during the quarter, while Europe and other international markets totaled 49% and 5%, respectively.