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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (57722)	4/28/1999 10:53:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

To All, The world's largest PC distributor just reported the first negative quarterly comparison that I can remember. Ingram Micro posted 29 cents, down 25% vs. 1998 and down 41% from the 4th quarter. However, the permabulls say we should be encouraged because revenues were up 31% over last year. As I've long maintained, if you are willing to kill your profit margins, you can sell boxes. From this perspective, it looks like a lot of units were sold at very low prices and very low margins in the industry, backing the disastrous evidence from the Compaq and IBM reports. I love it when a plan comes together. <g> MB