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

To: Sun Tzu who wrote (458)	2/22/1999 9:04:00 PM
From: EyeDrMike	Read Replies (1) \| Respond to of 584

<<< Since the momentum was still against me, the rewards no longer justified the risks and I sold with 25% gain. Since then the stock has moved back to 20. If the stock is still there when the market conditions improve, I will reconsider a position in it>>. Market conditions appear to be vastly improved. Opinion? btw, news today: License To Thrill:Tech Data Delivers Unprecedented Convenience And Service To Software Resellers Developments Include Distributor's One-Step 'Disks AndDocs' Process For Microsoft Products CLEARWATER, Fla., Feb. 22 /PRNewswire/ -- Obtaining software licenses and related products, services and support is now more efficient than ever for resellers as a result of initiatives by Tech Data Corporation (Nasdaq: TECD), a leading global distributor of technology products. In addition to rolling out a new Software Licensing Sales Desk with expanded reseller services, Tech Data is introducing a one-step "disks and docs" process to streamline delivery of complete Microsoft software licensing solutions. Until now, technology resellers who purchased Microsoft software licenses through distributors had to separately obtain corresponding disks and documentation from Microsoft's Worldwide Fulfillment Center. As a result of a proposal it presented to Microsoft, Tech Data established a pilot program in November whereby resellers could make a single call to the distributor to obtain Microsoft software product licenses as well as accompanying media and manuals. Participating resellers describe the new simplified process as a major productivity improvement over the previous method in place at all technology distributors. "It's never been this easy to obtain Microsoft software licenses together with disks and documentation," commented Kevin McAuley, systems analyst for Malvern, Pa.-based IKON Office Solutions. "The convenience and time savings are greatly appreciated for a business like ours where we need every available minute for selling to and supporting our customers." The pilot program's success has resulted in full-scale roll out at Tech Data and enthusiastic support from Microsoft. "Tech Data deserves a lot of credit for its initiative to create and recommend a new process that facilitates delivery of our licensing solutions to its resellers," remarked Robert McAuley, Microsoft's worldwide Open License Program manager. "We expect this to quickly evolve into a standard practice in the distribution channel." "This is only one step among many we are taking to improve software licensing efficiency as well as our related service offering," added Terry Bazzone, Tech Data's vice president and general manager of strategic business development. "Our response to evolving reseller and vendor needs continues to fuel the dramatic growth of our licensing program." Dedicated services and support drive record software licensing growth Tech Data's software licensing sales have more than doubled over the past year. Dedicated sales teams now provide additional support to Tech Data's software licensing resellers and vendor partners, who also benefit from an awareness and education campaign the distributor is conducting. Among other activities this year, publishers will be delivering software licensing seminars at Tech Data's Tech Expos nationwide. For more information on Tech Data's Software Licensing Program, resellers may contact the distributor's dedicated hotline at 888-TD-LICENSE (888-835-4236) or visit the Tech Data Web site. About Tech Data Tech Data Corporation, founded in 1974, is a leading full-line distributor of technology products worldwide. The Fortune 500 company and its subsidiaries operate in over 30 countries, serving more than 100,000 resellers in the United States, Canada, the Caribbean, Latin America, Europe and the Middle East. In addition to distributing more than 75,000 products from over 1,000 manufacturers and publishers, Tech Data provides extensive pre- and post-sale training, service and support as well as high-quality configuration and assembly services and a full range of electronic commerce solutions. The company generated sales of approximately $11.5 billion in its most recent fiscal year, which ended January 31, 1999. Tech Data's Web site can be found at www.techdata.com. SOURCE Tech Data Corporation CO: Tech Data Corporation ST: Florida IN: CPR SU: 02/22/99 17:33 EST prnewswire.com