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To: David Lawrence who wrote (27399)	2/3/1999 10:23:00 AM
From: Tom Gebing	Respond to of 45548

Tech data info ........... By Ron Feemster, CBS MarketWatch Last Update: 11:52 AM ET Feb 2, 1999 CLEARWATER, Fla. (CBS.MW) -- Shares of Tech Data tumbled 30 percent Tuesday morning after the company said fourth-quarter profits would fall short of Wall Street estimates. Although the distributor of technology products said annual sales and net income would reach record levels, Tech Data (TECD) put earnings for the period at 61 to 64 cents a share, up from 53 cents a year ago. That's still below the 69 cents projected by analysts surveyed by First Call. Today on CBS MarketWatch Wall Street on Fed watch Cisco Systems profits jump 33% Europe mixed prior to rate decisions Net-stock volumes ballooning Flashes: VocalTec, Newport Corp. More top stories... CBS MarketWatch Columns Updated: 2/3/99 10:06:44 AM ET Shares of Clearwater, Fla.-based Tech Data fell 9 9/16 to 22 1/4 on volume of 4.26 million shares, nearly six times the stock's average trading volume for the past 30 days. The company tucked the disappointing news into an upbeat press release, and offered no explanation of the company's disappointing performance. Tech Data officials didn't return calls requesting comment on the earnings announcement. Tech Data said earnings for the fourth quarter exceeded $3.8 billion, up 80 percent over the year-ago quarter, counting the effects of acquisitions. Excluding acquisitions, sales growth rates were 12 percent, 24 percent and 9 percent in the U.S., Europe and other international markets respectively. The company estimates net income for the fiscal year to reach $2.25 to to $2.28 a share, compared with $1.92 pr share a year ago.