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

To: Gregory Cole Brock who wrote (912)	1/7/1999 6:05:00 PM
From: Ginco	Read Replies (1) \| Respond to of 1494

Greg you may be right-This kind of news is the fuel we'll need for $24 CHS Electronics Reaches $1 Billion in Sales in December MIAMI, Jan. 7 /PRNewswire/ -- In a Company-wide message today, Claudio Osorio, Chairman and Chief Executive Officer of CHS Electronics, Inc. (NYSE: HS - news) announced that net sales for the month of December reached $1 billion. This is the first time the Company has achieved this sales level in a single month. Mr. Osorio stated, ''Achieving net sales of $1 billion in a single month is a major milestone for our Company. By comparison, CHS' net sales for all of 1995 were $936 million. We were able to reach this level without any acquisitions in the month and despite less than perfect economic conditions in certain geographic areas. I would like to thank all the CHS colleagues for their contribution to this achievement and to the success we have achieved all year. Their efforts are reflected in these remarkable results.'' Miami-based CHS Electronics, ranked number 320 on the latest Fortune 500 list of the largest U.S.-based industrial corporations with sales of $7.5 billion and net income of $87.9 million for the last four quarters, is a leading international distributor of microcomputers, peripherals, and software to more than 130,000 resellers in 46 countries in Europe, Latin America, Asia, the Middle East 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. Information regarding CHS Electronics can be found on the company's website at www.chse.com. SOURCE: CHS Electronics, Inc. --------------------------------------------------------------------------------