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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (61752)	5/20/1999 8:16:00 AM
From: Bald Man from Mars	Read Replies (2) \| Respond to of 97611

it is where both the 10 days and 20 days EMA is, if it breaks one, it is bad, if it breaks both, I think it will retest the low ... I might not want to short this puppy even if it breaks the moving average, because it is really not that much from here to its low ... in other words, might not be rewarding enough ...

To: DRRISK who wrote (61752)	5/20/1999 8:48:00 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Tech Data Gets Big GE Capital Deal CLEARWATER, Fla. (Reuters) - Tech Data Corp. (Nasdaq:TECD - news) said Thursday it would become the information technology supplier for GE Capital IT Solutions, a unit of General Electric Co., in a deal that will be worth $2 billion a year for Tech Data. For the year ended January 31, Tech Data had net sales of $11.53 billion. Tech Data said in a statement that it would be the provider of information technology (IT) procurement, configuration and assembly, and of logistics services, for GE Capital IT Solutions, which provides businesses with information technology products and services. ''The three-year agreement will focus on the U.S. and is projected to generate approximately $2 billion in annual incremental revenue for Tech Data upon full implementation,'' the statement said. ''This outsourcing agreement illustrates the profound role Tech Data has in the future of the IT industry,'' said Tech Data Chairman and Chief Executive Steven Raymund. As part of the agreement, Tech Data will assume control of GE Capital IT Solutions' 200,000-square-foot facility in Frederick, Md., effective in August. The operations include a configuration and assembly center as well as inventory stocking and fulfillment services. All of the facility's employees will become Tech Data employees. With the outsourcing agreement, GE Capital IT Solutions will no longer need to stock, configure or assemble technology products before delivery. The agreement coincides with another recent major industry announcement in which Compaq Computer Corp. (NYSE:CPQ - news) is consolidating its number of distribution partners in North America from 39 to four -- including Tech Data.