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

To: csm who wrote (403)	2/3/1999 2:12:00 PM
From: Dale Stempson	Read Replies (1) \| Respond to of 584

"Overheard at Tech '99 conference" cbs.marketwatch.com (snip) "Ingram Micro (IM) Chairman and Chief Executive Officer Jerre Stead said he feels pretty good about current estimates that call for 26 to 27 percent year-over-year earnings growth and 25 percent top-line growth. Preliminary estimates for the company's 1998 fiscal year show sales growth of 30 percent or more, with revenue of between $21.8 billion and $22 billion. Stead said the company has under 4 percent in operating expenses and will "continue driving that down." He also said that there is an excess of distributors and that he believes over time the world will end up with one or two major technology distributors." I like the earnings growth comment. Generally speaking, what's good for IM is good for TECD as these two majors often track one another quite closely. I'm considering buying IM at these levels as well. I suspect that IM and TECD will end up being the "two major technology distributors" that Stead envisions. Regards - Dale

To: csm who wrote (403)	2/3/1999 3:01:00 PM
From: Syl98	Read Replies (1) \| Respond to of 584

"Obviously that won't be the case with TECD." Hi CSM, I'm missing something here,do you mean for the Quarter or further ahead. What kind of changes occured in the last three month in that business sector that is so different then a year ago? Is it profit margin? Do you have info link I could get to understand the transformation. Because when I look at the fundamentals with a P/E of 8 or so in the tech sector, that impressive. please reply, Thanks PS: By the way, interest rate unchanged.