Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Senator949 who wrote (40953)	12/23/1998 10:36:00 AM
From: Kenya AA	Read Replies (3) \| Respond to of 97611

Robin: I think the worst case scenario for CPQ stock will be to retreat to our 41 basing area until the good earnings news leaks are out. Don't think we'll ever see the 30s. People are confused about the apparent contradiction of CPQ saying sales are going gangbusters and resellers saying things aren't as good for them. IMO all the players are just "adjusting" to CPQ's direct sales push. IM didn't do bad at all this year and projects a great '99. K Ingram Micro Releases Preliminary Fourth Quarter Earnings PR Newswire - December 22, 1998 16:25 SANTA ANA, Calif., Dec. 22 /PRNewswire/ -- Ingram Micro (NYSE: IM) today announced preliminary earnings and revenue information for its 1998 fourth quarter. Full results for the quarter and year ending January 2, 1999 will be announced February 18, 1999. Including revised estimates for the 1998 fourth quarter, Ingram Micro expects its full-year net sales to grow more than 30 percent reaching between $21.8 and $22.0 billion, compared with $16.6 billion for all of 1997. Its full-year net income is expected to grow more than 25 percent to more than $240 million, resulting in earnings per share of between $1.63 and $1.65, including the noncash compensation charge. "We expect 1998 to be a record year for Ingram Micro, with the highest revenues end net income in the company's history," said Jerre Stead, chairman and chief executive officer. "Although for the fourth quarter we experienced slower than expected PC sales in the United States, we anticipate restored momentum for even greater success in 1999." Based on analysis of quarter-to-date results and current business conditions, Ingram Micro expects record net sales for the 1998 fourth quarter to be between $6.0 and $6.2 billion, growing 17 to 21 percent over the same period last year, which had five additional selling days. Based on attaining this level of net sales, the company expects to post the highest net income for a quarter in its history, ranging from $73 to $75 million or $0.48 to $0.50 per share for the 1998 fourth quarter. Forward Looking Statements Certain statements in this press release may be forward-looking statements that involve risks and uncertainties. Words such as "anticipates," "intends," "plans," "believes," "seeks," "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on current expectations and projections about the technology distribution industry and assumptions made by Ingram Micro's management and are not guarantees of future performance. Therefore, actual events and results may differ materially from those expressed or forecasted in the forward-looking statements due to factors such as those identified in Exhibit 99.1 of Ingram Micro's annual report on Form 10-K for the fiscal year ended January 3, 1998. Other risks or uncertainties may be detailed from time to time in Ingram Micro's future Securities and Exchange Commission filings. Ingram Micro undertakes no obligation to update any forward-looking statements in press release. About Ingram Micro Inc. Ingram Micro Inc. (NYSE: IM), headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, and a leading provider of assembly and integration services with sales of $20.9 billion for the past four reported quarters. The company and its affiliates operate in 31 countries and distribute more than 190,000 products to more than 115,000 resellers in 120 countries. Ingram Micro can be found at www.ingrammicro.com. Ingram Micro is a trademark used under license by Ingram Micro Inc. All other logos, brand names and product names are trademarks of their respective companies. SOURCE Ingram Micro