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

To: W Sheffield who wrote (903)	12/1/1998 4:59:00 PM
From: shane hartman	Read Replies (2) \| Respond to of 1494

Yahoo says rumors of american acquisition. The real reason, I got tired of holding and dumped yesterday. Never fails, when I dump a long term hold, it goes up ;)

To: W Sheffield who wrote (903)	12/18/1998 3:30:00 PM
From: Ginco	Read Replies (1) \| Respond to of 1494

"Could snap back to its old high of 30" From the December 28 issue of Business Week. CHS HOISTS ITS SAILS FOR AMERICA For CHS Electronics (HS), the world's third-largest distributor of computer products, Europe is the main market, generating 75% of sales. And as the euro currency draws nigh and as demand soars for computers that are adjusted for use in the new millennium, CHS should see robust growth. The company's remaining sales are 20% in Latin America and 5% in Asia. CHS is well positioned to take advantage of the coming demand for post-2000 computers, says CEO Claudio Osorio. Also on his agenda, however, is a plan to enter the U.S. Although the American computer market is considered mature, a U.S. entry could boost CHS sales. CHS, whose revenues, bolstered by acquisitions, have jumped from $4.8 billion last year to $8 billion this year, serves some 120,000 resellers in 46 countries. CHS may enter the U.S. through an acquisition, says Robert Damron of Cleary Gull Reiland & McDevitt, a securities firm in Milwaukee, who believes the company is eyeing two U.S. wholesalers of computer products, each of which generates annual sales of about $5 billion. The two main rivals of CHS, Ingram Micro and Tech Data are the dominant sellers in the U.S. Although either of the two could block a CHS entry into the U.S. by launching a buyout bid for CHS, analysts don't see that a realistic possibility. Osorio declines to comment on whether either has approached him. Meanwhile, the stock, now at 15, could snap back to its old high of 30, says Damron, based just on its internal growth rate of 15% to 20%. He figures CHS will earn $1.80 a share this year and $2.10 i n 1999, vs. 1997's $1.32. BY GENE G. MARCIAL --------------------------------------------------------------------------------