To: Susan Saline who wrote (17010 ) 11/3/1998 8:36:00 AM From: Susan Saline Read Replies (1) | Respond to of 53068
TECD Ron, thanks for the heads up on this company. I know you will probably trade the heck out of it, but I am not as nimble as you, LOL, so I plan on holding this for a position trade, a month or so. After reading up on it's financials, this is one pretty good company with a good earnings record. I followed you into this yesterday following your post to the Z portfoilio, at 37 3/16 It closed at 38 1/8 I will put an equity saving stop at my buy price, if it goes below that entry price, will look for re-entry at a lower price .... but as the chart left a nice tail, I doubt it will see low 37's again. chart:207.95.154.133 Oct 29, 1998 (6:31 PM ET) - The Motley Fool Evening News Information technology consultant Renaissance Worldwide (Nasdaq:REGI - news) was knocked back into the Middle Ages today, falling $4 13/16, or 33.8%, to $9 7/16 after saying it will increase spending in fiscal Q4 for new staff members, causing some analysts to worry about the firm's near-term earnings outlook. Warburg Dillon Read lowered its rating to "hold" from "buy"... International PC and computing products distributor Ingram Micro (NYSE:IM - news) slid $4 1/8 to $45 3/4 after reporting Q3 EPS of $0.40, beating estimates by a penny. However, the company reportedly said in its conference call that gross margins are coming under pressure due to increased price competition in Europe. Rival Tech Data Corp. (Nasdaq:TECD - news) lost $4 3/4 to $40 1/16 in sympathy. Business Summary TECD distributes microcomputer-related hardware and software products to value-added and corporate resellers, computer retailers and direct marketers. For the six months ended 7/98, net sales rose 51% to $4.40 billion. Net income rose 47% to $58.4 million. Revenues reflect the 7/97 acquisition of Macrotron AG, expansion of the product line and sharply higher international sales. Earnings lagged due to TECD's strategy of cutting prices in order to gain market share.biz.yahoo.com Sue