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Technology Stocks : HS - CHS Electronics -- Ignore unavailable to you. Want to Upgrade?

To: WTD ADMIREE who wrote (281)	11/30/1997 12:52:00 PM
From: set	Read Replies (1) \| Respond to of 1494

I think Karma is a company they picked up somewhere, maybe in India? :) I really don't know. about your economic question, the basic assumption is the relative buying power here in the U.S. is going up. so far, I think that's true as well in most of the countries that CHSE is doing business in. it's not a given that buying power in any particular country is going to keep pace. The austerity program in Brazil is good because it will keep up the level of foreign investment, but it will do so at a cost to local people in the form of taxes and interest rates. I think it's a lesser of evils, but it keeps the ball rolling. things have to get a lot worse before CHSE is in real trouble, but then things have to get a lot better before it can sustain a PE of 25ish again, IMO. don't know what's going to happen to the margins for CHSE. they've made the bet that by sticking with the best products from the best companies, compaq et al., they will have the best margins and the best sellthroughs. seems like a good bet to me. but again the bottom line is buying power and cash flow in the countries in question. so far so good eh? Shahar

To: WTD ADMIREE who wrote (281)	12/4/1997 11:10:00 AM
From: WTD ADMIREE	Read Replies (2) \| Respond to of 1494

Thursday December 4, 8:29 am Eastern Time For those who may have missed the Dec 4th press release from CHSE: SOURCE: CHS Electronics, Inc. --- Company Press Release CHS Electronics Announces Recent Opening of Two New State-of-the-Art Distribution Centers in Eastern Europe -- Announces October and November Sales in Line with Company's Expectations -- CHS Begins Exclusive 'Configure-to-Order' Program with Hewlett Packard to Assemble HP Brio PC's in Germany MIAMI, Dec. 4 /PRNewswire/ -- CHS Electronics, Inc. (Nasdaq: CHSE - news), the world's third-largest distributor of microcomputer products, today announced the recent opening of two new fully owned, state-of-the-art warehouse and office facilities in Warsaw, Poland and Budapest, Hungary. In the presence of key customers, vendors and local authorities, two 50,000 sf distribution centers, inclusive of both office and warehouse space, were opened last week in Poland and Hungary to supplement the Company's 100,000 square foot facility in The Czech Republic and its 50,000 square foot facility in Russia. Both facilities will create efficiencies that will strengthen the company's ability to serve its dealer base, reducing delivery times in both countries while cutting costs and improving margins in region. Claudio Osorio, chairman and chief executive officer of CHS, said, ''These investments in new facilities demonstrate the company's commitment to Eastern Europe, where we believe we are the largest distributor of our kind and will help us achieve our $1 billion revenue target in 1998 in the East European Region.'' The company also announced that sales for October and November were approximately $600 million each month, in line with its expectations. ''Overall, our markets remain strong, consistent with our plans,'' Mr. Osorio said. Beginning in December, CHS entered into an exclusive agreement with Hewlett Packard Distributors to begin the ETCO (Extended-Configure-To-Order) Program. One of CHS' German subsidiaries, Frank & Walter, began assembling ''Build to Order'' HP Brio PC's on December 1. Frank & Walter has increased its sales staff to prepare for expected growth in PC sales. Frank & Walter, together with Hewlett Packard, have built, in record time, a completely new production line. The goal of the program is to produce 25K PC's/yr. Miami-based CHS Electronics is a leading international, full-service distributor of microcomputers, peripherals and software products to more than 98,000 resellers in more than 38 countries in Europe, Latin America, Asia and Africa. Unlike other computer wholesalers, CHS Electronics distributes a limited product line for a limited number of leading computer manufacturers and does so only outside the United States. The company believes that its ''focused distribution'' enables it to respond more quickly to customers, provide better service, and reduce inventory and working capital requirements. CHS believes it is the largest microcomputer distributor in Latin America and Europe, number one in Germany and France and number two in the United Kingdom and Switzerland. To receive additional information on CHS Electronics, Inc. via fax at no charge, dial 1-800-PRO-INFO and enter code CHSE. The above statements made by CHS Electronics, which are based on current expectations, may differ materially from actual results. Among factors that could cause actual results to differ materially are changes in business conditions, growth in the personal computer industry and the general economy; competition; changes in product mix; and the risk factors listed by CHS Electronics' reports filed with the Securities and Exchange Commission. SOURCE: CHS Electronics, Inc.