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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (60598)	2/15/2002 4:02:13 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Ingram Micro 4th-Qtr Profit Falls as Sales Tumble 24% (Update2) By Jim Finkle 02/14 18:43 quote.bloomberg.com Santa Ana, California, Feb. 14 (Bloomberg) -- Ingram Micro Inc., the biggest computer-products distributor, said fourth- quarter profit tumbled as businesses and consumers bought fewer personal computers, making sales fall 24 percent from a year ago. The company also said first-quarter sales and profit forecasts will fall short of analysts' estimates. Fourth-quarter net income fell to $5.7 million, or 4 cents a share, from $57.9 million, or 39 cents, in the year-earlier period, the company said in a statement. Sales for the period ended Dec. 29 fell to $6.14 billion from $8.07 billion. Ingram Micro's sales have tumbled along with demand for PCs from companies including Compaq Computer Corp., Hewlett-Packard Co. and Gateway Inc. Last year was the PC industry's roughest since it was created in the 1980s by Apple Computer Inc. and International Business Machines Corp. Last year ``was a tough year for the entire IT industry,'' Ingram Micro Chief Executive Kent Foster said in a conference call with investors. ``We obviously cannot predict when demand for IT products will return.'' Ingram Micro shares fell 4 cents to $16.95 in trading on the New York Stock Exchange before the company's announcement. The company's shares have fallen 2.1 percent so far this year.

To: StanX Long who wrote (60598)	2/15/2002 7:22:31 PM
From: Robert O	Read Replies (2) \| Respond to of 70976

ot nvda trade re: Nvidia Shares Fall in Europe After Company Says SEC is Probing Accounting {'bad beat' award for you card sharkies out there} Ah behind every story a real investor. that's me. For two weeks I have held onto a long swing trade all for the expectation of rise prior to earnings, good earnings, slight runnup, and then out. With an avg. buy in of 59.40 on 2300 shares and a closing price over $62 last night I felt I had a good cushion and no need to exit position, as true runnup would be worth putting current profit s of 6k at risk. NVDA has a blow out qtr. and exceeds income estimate by a whooper making .43 when an avg of .34 was expected. Not only that they raise future expectations: Citing strong sales of its chips to PC makers and to Microsoft Corp. for use in its Xbox video game console, NVidia now expects fiscal 2003 revenues of $2.3 billion to $2.5 billion and earnings per share of $1.70 to $1.75, said NVidia Chief Financial Officer Christine Hoberg on a conference call to discuss the company's results. For fiscal 2003. analysts expect per-share net income of $1.42 on revenue of $1.94 billion, according to Thomson Financial/First Call. NVidia expects quarterly revenue to increase 7 percent to 8 percent in each quarter throughout fiscal 2003, Hoberg said. As I watched after hour trades actually push past 70 for the stock I realized a two-week hold had garnered almost 25k in profits. A nice win no matter how one looks at it. And suddenly trading is halted and the news you now see splattered everywhere like bull's blood spewing ominously from the picador's lance...accounting questions from SEC. Although if one looks closer the questions came as a result of internal emails read by the SEC is prosecuting an insider-trading allegation. Also, much of the dispute involves timing of certain classification of expenses and also reserve levels. All of these figures referenced are TINY compared to NVDA's biz. 136 mil. in expenses shifting from one qtr. to another would be insignificant compared to their expected 2.5 billion in fiscal year rev for example. I looked up reserves and found a full year (in question ) at a paltry 5 million. Only one qtr.s worth is in question. And yet NVDA gaps wayyyy down just on hint of 'problems.' My 25 k profit disappears and by the end of today with the after hours hit reacting to S&P credit agency nervously watching NVDA for outcome it's a 11% down day and I'm down 10k. I'll wait this out as this company is growing smartly and impressing on every front until now. Fair is foul, and foul is fair. So foul and fair a day I have not seen. RO