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Technology Stocks : TECD - Tech Data -- Ignore unavailable to you. Want to Upgrade?


To: Dale Stempson who wrote (387)2/3/1999 5:31:00 AM
From: Sam Biller  Respond to of 584
 
One of the reasons for the sell-off that may not have been mentioned here...

Morgan Stanley Dean Witter

Research Alert

Tech Data (TECD, $32)
Tech Data downgraded to Neutral from Outperform

Tuesday, February 02, 1999

We are downgrading Tech Data to Neutral from Outperform. We see margin pressure and the tough competitive environment continuing.

Shelby Fleck (New York)

More details on the Tech Data downgrade will follow.

<End of research alert>

Sam (FWIW)



To: Dale Stempson who wrote (387)2/3/1999 7:52:00 AM
From: Jack Colton  Read Replies (2) | Respond to of 584
 
I've heard IBM & CPQ are going to squeeze TD & Ingram out of the computer business. If so, say goodbye to about half of the revenue.
I buy about $4 million a year from TD, and we just lost our account team.. it consolidated with another group.

The worst is not over yet.

jtc