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	<title>Stock Blog Hub &#187; Computers Wholesale</title>
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		<title>(IM) Ingram Micro Incorporated &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/11/29/im-ingram-micro-incorporated-bear-of-the-day/87692</link>
		<comments>http://www.stockbloghub.com/2011/11/29/im-ingram-micro-incorporated-bear-of-the-day/87692#comments</comments>
		<pubDate>Tue, 29 Nov 2011 17:20:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87692</guid>
		<description><![CDATA[Ingram Micro (IM) is one of the world&#8217;s largest distributors of IT products. The company failed to impress with its third quarter 2011 results. Moreover, the soft retail sector in Europe and the Asia-Pacific, as well as the ERP transition issue in Australia resulted in an unexciting 2011 guidance. Though management appears confident about most of the near-term issues and the regaining of market share in Australia, we remain cautious. Also, while the company&#8217;s strategic partnerships with IT giants are encouraging, its significant European exposure, high dependence on IT spending and debt-laden balance sheet are causes for concern. Hence, we have downgraded the stock to Underperform from Neutral. Our target price of $16.00 reflects a P/E multiple of 9.9x our 2011 EPS estimate, which is at a slight premium to ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(IM) Ingram Micro Earnings Report In Line with Estimates</title>
		<link>http://www.stockbloghub.com/2011/11/02/im-ingram-micro-earnings-report-in-line-with-estimates/86233</link>
		<comments>http://www.stockbloghub.com/2011/11/02/im-ingram-micro-earnings-report-in-line-with-estimates/86233#comments</comments>
		<pubDate>Wed, 02 Nov 2011 21:04:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Gartner Inc.]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>
		<category><![CDATA[International Business Machines]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[JNPR]]></category>
		<category><![CDATA[Juniper Networks Inc.]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[MSFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=86233</guid>
		<description><![CDATA[Ingram Micro Inc. (IM) has reported third-quarter 2011 earnings per share of 35 cents, just matching the Zacks Consensus Estimate. Revenues Ingram Micro’s third quarter revenue of $8.90 billion increased 5.3% from $8.45 billion in the year-ago quarter. The improvement may be attributed to modest sales growth across all geographic regions and improved Information Technology (IT) spending. Foreign currency translation had a 4% positive impact on revenue. Revenue contribution from North America increased 3.3% year over year to $3.77 billion. Europe, Middle East and Africa (EMEA) contributed $2.65 billion, up 7.0% from the year-ago quarter. European currency translation had a positive impact of 9.0% on regional revenue. The Asia-Pacific region generated $2.06 billion in sales, up 5.4% from $1.95 billion in the third quarter of 2010. Foreign currency translation had ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/11/02/im-ingram-micro-earnings-report-in-line-with-estimates/86233/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(IM) Ingram Micro in Twin Distribution Deals</title>
		<link>http://www.stockbloghub.com/2011/06/22/im-ingram-micro-in-twin-distribution-deals/77110</link>
		<comments>http://www.stockbloghub.com/2011/06/22/im-ingram-micro-in-twin-distribution-deals/77110#comments</comments>
		<pubDate>Wed, 22 Jun 2011 21:18:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[BMC]]></category>
		<category><![CDATA[BMC Software Inc]]></category>
		<category><![CDATA[Gartner Inc.]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>
		<category><![CDATA[IT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77110</guid>
		<description><![CDATA[Ingram Micro Inc. (IM) sealed two distributor deals in two days. The leading distributor of information technology (IT) entered into agreements with Revolabs Inc., a provider of wireless audio products, and Kaspersky Lab, an ace provider of Internet security. The deal with Revolabs Inc. entitles Ingram Micro to market and sell its product suites to resellers and channel partners across the North American markets. Financial terms of the deal were not disclosed. Products that are coming under Ingram Micro’s umbrella are –– Revolabs FLX wireless conference telephones and the xTag BT wireless microphone. These products target the enterprise vertical and are ideal for mid-to-small-size conference rooms, small offices and desktops. Revolabs will provide the required support for marketing of these products, which would bring profits for Ingram’s resellers and partners. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/22/im-ingram-micro-in-twin-distribution-deals/77110/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(IM) Ingram Micro Misses Estimates &#8211; Outlook Dull</title>
		<link>http://www.stockbloghub.com/2011/05/03/im-ingram-micro-misses-estimates-outlook-dull/72828</link>
		<comments>http://www.stockbloghub.com/2011/05/03/im-ingram-micro-misses-estimates-outlook-dull/72828#comments</comments>
		<pubDate>Tue, 03 May 2011 18:46:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>
		<category><![CDATA[International Business Machines]]></category>
		<category><![CDATA[JNPR]]></category>
		<category><![CDATA[Juniper Networks Inc.]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[MSFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=72828</guid>
		<description><![CDATA[Ingram Micro Inc. (IM) reported adjusted first-quarter 2011 earnings per share of 34 cents, failing to meet the Zacks Consensus Estimate of 46 cents. Management held transitional difficulties to a new enterprise system in Australia responsible for the underperformance. Shares slid 5.73% in after-market trade. Revenues Ingram Micro’s first quarter revenues of $8.72 billion increased 7.8% from $8.10 billion in the year-ago quarter. However, the quarter’s revenue fell short of the Zacks Consensus Estimate of $8.86 billion. The year-over-year increase may be attributed to modest sales growth across all geographic regions and improving Information Technology (IT) spending. Foreign currency translation had a 2% positive impact on revenues. Revenue contribution from North America increased 7.0% year over year to $3.51 billion. Europe, Middle East and Africa (EMEA) contributed $2.88 billion, up ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(IM) Ingram Micro Fourth Quarter 2010 Earnings Beat on Strong Revenues</title>
		<link>http://www.stockbloghub.com/2011/02/13/im-ingram-micro-fourth-quarter-2010-earnings-beat-on-strong-revenues/66847</link>
		<comments>http://www.stockbloghub.com/2011/02/13/im-ingram-micro-fourth-quarter-2010-earnings-beat-on-strong-revenues/66847#comments</comments>
		<pubDate>Sun, 13 Feb 2011 16:46:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>
		<category><![CDATA[International Business Machines]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[MSFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=66847</guid>
		<description><![CDATA[Ingram Micro Inc. (IM) reported adjusted fourth-quarter 2010 earnings per share of 72 cents, exceeding the Zacks Consensus Estimate of 67 cents. Despite the beat, shares slid 3.7% in the after-market trade, which could be due to Euro headwinds. Revenues Ingram Micro reported fourth-quarter 2010 revenues of $9.88 billion, up 12.2% from $8.81 billion in the year-ago quarter. The quarter’s revenue also surpassed the Zacks Consensus Estimate of $9.55 billion. The year-over-year increase may be attributed to robust sales growth across all geographical regions and strong demand for technology products worldwide. Foreign currency translation had a neutral impact as a weakening Euro was offset by strong currencies in Asia-Pacific and Latin America. Revenue contribution from North America increased 12.8% year over year to $4.05 billion. Europe, Middle East and Africa ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/02/13/im-ingram-micro-fourth-quarter-2010-earnings-beat-on-strong-revenues/66847/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TECD) Tech Data Analyst Maintains Neutral Rating on Shares</title>
		<link>http://www.stockbloghub.com/2010/10/03/tecd-tech-data-analyst-maintains-neutral-rating-on-shares/53645</link>
		<comments>http://www.stockbloghub.com/2010/10/03/tecd-tech-data-analyst-maintains-neutral-rating-on-shares/53645#comments</comments>
		<pubDate>Mon, 04 Oct 2010 05:22:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[ADBE]]></category>
		<category><![CDATA[Adobe Systems Inc.]]></category>
		<category><![CDATA[ADSK]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[Autodesk]]></category>
		<category><![CDATA[Cisco Systems]]></category>
		<category><![CDATA[CSCO]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>
		<category><![CDATA[Panasonic Corporation]]></category>
		<category><![CDATA[PC]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=53645</guid>
		<description><![CDATA[We maintain a Neutral recommendation on Tech Data Corp. (TECD). Tech Data’s second quarter 2011 results beat the Zacks Consensus Estimate and recorded the most profitable second quarter in the company’s history, attributable to an improving demand for technology products combined with an outstanding effort in working capital management. With strong earnings momentum, diversified customer base Incorporatedreased acquisition, diverse product portfolio, significant operating efficiency and share repurchases, we remain positive on the company’s long-term growth. We believe Tech Data continues to benefit from an increase in internal investment Incorporatedreased workforce and a higher spending on developing systems, which has driven growth. However, the drag in worldwide IT spending, softness in demand, stemming from weakness in the European market, and a stronger U.S. dollar could negatively impact sales in the coming ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/03/tecd-tech-data-analyst-maintains-neutral-rating-on-shares/53645/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TECD) Tech Data Expands Consumer Electronics Product Offerings</title>
		<link>http://www.stockbloghub.com/2010/08/18/tecd-tech-data-expands-consumer-electronics-product-offerings/48486</link>
		<comments>http://www.stockbloghub.com/2010/08/18/tecd-tech-data-expands-consumer-electronics-product-offerings/48486#comments</comments>
		<pubDate>Thu, 19 Aug 2010 05:12:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[ADBE]]></category>
		<category><![CDATA[Adobe Systems Inc.]]></category>
		<category><![CDATA[ADSK]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[Autodesk]]></category>
		<category><![CDATA[Cisco Systems]]></category>
		<category><![CDATA[CSCO]]></category>
		<category><![CDATA[Gartner Inc.]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[Panasonic Corporation]]></category>
		<category><![CDATA[PC]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=48486</guid>
		<description><![CDATA[Tech Data Corporation (TECD) will be offering 3D TVs and Lenovo’s IdeaPad laptop PCs to retailers in the consumer electronics market, thereby expanding its consumer electronics product offering and diversifying its customer base. The consumer market had been sluggish in 2009; however, we believe the increasing popularity of 3D TVs will drive a higher demand for consumer electronics, thereby boosting Tech Data’s profitability over the long term. Tech Data offers authorized retailers access to 40 to 60-inch 3D LCD TVs, 3D glasses and Blu-ray Disc players. Tech Data also distributes a broad array of 3D-capable projectors. According to U.S. research firm Display search, 3D TVs is expected to ship 3.4 million units in 2010 with 42.9 million projected to ship in 2014. The expanded product portfolio with the addition of ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TECD) Tech Data Corporation Earnings Scorecard</title>
		<link>http://www.stockbloghub.com/2010/03/29/tecd-tech-data-corporation-earnings-scorecard/31642</link>
		<comments>http://www.stockbloghub.com/2010/03/29/tecd-tech-data-corporation-earnings-scorecard/31642#comments</comments>
		<pubDate>Mon, 29 Mar 2010 21:31:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31642</guid>
		<description><![CDATA[Tech Data Corp. (TECD) reported better-than-expected results for the fiscal fourth quarter 2010 on March 2, beating the Zacks Consensus Estimate by a huge difference of $1.01 per share, posting a surprise of 23.76%. Fourth-Quarter Earnings Summary Earnings per share were robust in the quarter and came in at $1.25 per share, up 6.8% from the year-go period. The primary reasons for the improvement in net income were an outstanding effort in working capital management coupled with effective operating cost control and a weak dollar. Moreover, Tech Data benefited from a lower effective tax rate. The most important highlight in the company’s earnings was its better-than-expected revenues. Total revenues for the reported quarter were $6.28 billion, an increase of 10% from $5.71 billion in the prior-year quarter. This was above ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/29/tecd-tech-data-corporation-earnings-scorecard/31642/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(IM) Ingram Micro Incorporated &#8211; Another Earnings Surprise</title>
		<link>http://www.stockbloghub.com/2010/03/18/im-ingram-micro-incorporated-another-earnings-surprise/30892</link>
		<comments>http://www.stockbloghub.com/2010/03/18/im-ingram-micro-incorporated-another-earnings-surprise/30892#comments</comments>
		<pubDate>Thu, 18 Mar 2010 18:40:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30892</guid>
		<description><![CDATA[Ingram Micro Inc (IM) just reported another earnings surprise and analysts are raising their forecasts. Company Description Ingram Micro provides marketing, logistic, technical and other services for its customers. The company serves technology vendors and resellers across the globe. Another Earnings Surprise Ingram Micro reported fourth-quarter earnings per share of 61 cents on Feb 18. This number came in 9 cents ahead of expectations and is the company&#8217;s sixth surprise in 7 quarters. Management highlighted the impressive sequential growth, lead by North America. Ingram Micro&#8217;s CEO, Gregory Spierkel, concluded his comments by saying &#8220;&#8230;There is still more work to do, but the trends are positive and we are externally focused on growth with enhanced profitability.&#8221; Analysts React Ingram Micro analysts have raised their full-year estimates following the report. The Zacks ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/18/im-ingram-micro-incorporated-another-earnings-surprise/30892/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(TECD) Tech Data Corporation Outperforms Earnings Expectations</title>
		<link>http://www.stockbloghub.com/2010/03/08/tecd-tech-data-corporation-outperforms-earnings-expectations/30019</link>
		<comments>http://www.stockbloghub.com/2010/03/08/tecd-tech-data-corporation-outperforms-earnings-expectations/30019#comments</comments>
		<pubDate>Mon, 08 Mar 2010 16:16:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30019</guid>
		<description><![CDATA[Tech Data Corp. (TECD) announced encouraging results for the fourth quarter of fiscal 2010. Net income was $70.1 million compared to $57.0 million in the year-ago quarter. Earnings per share (EPS) were $1.35 compared to $1.14 in the prior-year quarter. Excluding the 10 cents per share for the reversal of a deferred tax valuation allowance in the European region, EPS came in at $1.25 per share, easily beating the Zacks Consensus Estimate of an income of $1.01 per share, posting a surprise of 23.76%. The primary reasons for the improvement in net income were an outstanding effort in working capital management coupled with effective operating cost control and a weak dollar. Moreover, Tech Data benefited from a lower effective tax rate of 24.4% compared to 31.5% in the prior-year period, ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(IM) Ingram Micro Earnings Report Exceeds Expectations</title>
		<link>http://www.stockbloghub.com/2010/02/23/im-ingram-micro-earnings-report-exceeds-expectations/28808</link>
		<comments>http://www.stockbloghub.com/2010/02/23/im-ingram-micro-earnings-report-exceeds-expectations/28808#comments</comments>
		<pubDate>Wed, 24 Feb 2010 03:14:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28808</guid>
		<description><![CDATA[Ingram Micro (IM) reported fourth quarter 2009 EPS of 64 cents, exceeding the Zacks Consensus Estimate of 52 cents per share. Revenues The company reported fourth-quarter 2009 revenues of $8.81 billion, up 1.0% from $8.68 billion reported in the year-ago quarter. The year-over-year increase in revenue may be attributed to good sales growth in North America. Foreign currency translation had a positive impact of six percentage points. The geographic distribution of revenues was as follows: North America reported fourth-quarter sales of $3.59 billion, down 5.0% from $3.80 billion reported in the year-ago quarter. Europe, Middle East and Africa (EMEA) reported revenues of $3.05 billion, down 3.4% compared to $2.95 billion reported in the year-ago quarter. There is a 10% positive impact of foreign currencies on EMEA revenues on a year-over-year ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(TECD) Tech Data Corporation &#8211; Bullish Forecasts &#8211; New Share Buyback Announced</title>
		<link>http://www.stockbloghub.com/2009/12/16/tecd-tech-data-corporation-bullish-forecasts-new-share-buyback-announced/22957</link>
		<comments>http://www.stockbloghub.com/2009/12/16/tecd-tech-data-corporation-bullish-forecasts-new-share-buyback-announced/22957#comments</comments>
		<pubDate>Wed, 16 Dec 2009 17:26:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22957</guid>
		<description><![CDATA[Tech Data Corp. (TECD), which recently announced $100 million share buyback, is seeing bullish earnings forecasts on a solid fiscal third-quarter. The full-year Zacks Consensus Estimate of $3.17 per share climbed from $2.84 over the past month. Company Description Tech Data distributes technology products for more than 125,000 IT providers in over 100 countries Incorporatedluding the United States, Canada, Europe and Latin America. The company provides end user support to small and medium businesses, large companies and government agencies. Tech Data generated $24.1 billion in net sales for its fiscal year ended January 31, 2009. Recent Events The company recently announced a $100 million share buyback, noting that since 2005, the company has completed $400 million in share repurchases. &#8220;We are very pleased to announce another $100 million share repurchase ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(TECD) Tech Data Corporation &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2009/12/14/tecd-tech-data-corporation-bull-of-the-day/22698</link>
		<comments>http://www.stockbloghub.com/2009/12/14/tecd-tech-data-corporation-bull-of-the-day/22698#comments</comments>
		<pubDate>Mon, 14 Dec 2009 18:19:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22698</guid>
		<description><![CDATA[Tech Data (TECD) reported better-than-expected results for the third quarter, beating the Zacks Consensus Estimates. Moreover, the company gave encouraging revenue guidance for the upcoming quarter. We expect revenue to rebound modestly in fiscal 2011. The company&#8217;s balance sheet remains strong. With healthy earnings momentum, continued cost-cutting initiatives, diversified customer base, significant operating leverage, gross margin improvement, strong fundamentals and an improving IT spending environment, we remain positive on the company&#8217;s growth prospects. However, intense competition and weak industry pricing remain concerns. With more positives than negatives, we upgrade the stock to Outperform, and the company&#8217;s current premium valuation remains justified. We set a six-month price target of $50.00. Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/14/tecd-tech-data-corporation-bull-of-the-day/22698/feed</wfw:commentRss>
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		<title>(TECD) Tech Data Corporation Upped to Outperform</title>
		<link>http://www.stockbloghub.com/2009/12/11/tecd-tech-data-corporation-upped-to-outperform/22618</link>
		<comments>http://www.stockbloghub.com/2009/12/11/tecd-tech-data-corporation-upped-to-outperform/22618#comments</comments>
		<pubDate>Fri, 11 Dec 2009 22:36:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>
		<category><![CDATA[SNX]]></category>
		<category><![CDATA[Synnex Corporation]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22618</guid>
		<description><![CDATA[We upgrade Tech Data Corporation (TECD) from Neutral to Outperform indicating that it would perform above the market. The shares trade at a premium to the industry leader, Ingram Micro Inc (IM), and we believe the current premium valuation is warranted. Currently, Tech Data Corporation is trading at 13.0X our 2011 EPS estimate of $3.44, a premium to the industry average. We also believe that there is room for further upside to the stock. The target price of $50.00 is based on a P/E multiple of 14.5X our 2011 EPS estimate, a premium to its peer group. Tech Data reported better-than-expected results for the third quarter, beating the Zacks Consensus estimates. Moreover, the company gave encouraging revenue guidance for the upcoming quarter. We expect revenue to rebound modestly in fiscal ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/11/tecd-tech-data-corporation-upped-to-outperform/22618/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(IM) Ingram Micro Inc &#8211; Surprised by 45% in the Third Quarter</title>
		<link>http://www.stockbloghub.com/2009/12/03/im-ingram-micro-inc-surprised-by-45-in-the-third-quarter/21820</link>
		<comments>http://www.stockbloghub.com/2009/12/03/im-ingram-micro-inc-surprised-by-45-in-the-third-quarter/21820#comments</comments>
		<pubDate>Thu, 03 Dec 2009 23:15:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21820</guid>
		<description><![CDATA[Ingram Micro Inc. (IM) saw sequential sales rise 12% in the third quarter as the global economy improved. The company trades with a forward P/E of 14. Company Description Ingram Micro distributes technology from 1500 vendors to customers in 150 countries around the world. It also provides technology sales, marketing and logistics. Ingram Micro is the only globally-based technology distributor with operations in Asia. During the holiday season, the company&#8217;s 8 advanced logistic centers in the U.S. are expected to ship 3 million units per week. Electronics are expected to dominate the shipments but the company also will ship games and toys. Ingram Micro Surprised by 45% in the Third Quarter On Oct 29, Ingram Micro reported third quarter results that beat the Zacks Consensus Estimate by 9 cents. Earnings ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(TECD) Tech Data Corp Beats Expectations &#8211; Ups Guidance</title>
		<link>http://www.stockbloghub.com/2009/11/29/tecd-tech-data-corp-beats-expectations-ups-guidance/21453</link>
		<comments>http://www.stockbloghub.com/2009/11/29/tecd-tech-data-corp-beats-expectations-ups-guidance/21453#comments</comments>
		<pubDate>Mon, 30 Nov 2009 04:51:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21453</guid>
		<description><![CDATA[Tech Data Corp. (TECD) announced encouraging financial results for the third quarter of fiscal 2010. Net income was $43.1 million compared to $16.8 million in the year-ago quarter. Earnings per share (EPS) in the same quarter were 84 cents compared to an income of 33 cents in the prior-year quarter. Earnings for the quarter were significantly above the Zacks Consensus Estimate of an income of 71 cents a share. The primary reasons for the improvement of net income were an outstanding effort on working capital management coupled with effective operating cost control. Moreover, Tech Data benefited from a lower effective tax rate of 27.3% compared to 37.4% in the prior-year period. The year-over-year decrease in the effective tax rate was primarily attributable to improved operating performance in the European region. ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(IM) Ingram Micro Delivers Decent Quarterly Numbers</title>
		<link>http://www.stockbloghub.com/2009/11/04/im-ingram-micro-delivers-decent-quarterly-numbers/19568</link>
		<comments>http://www.stockbloghub.com/2009/11/04/im-ingram-micro-delivers-decent-quarterly-numbers/19568#comments</comments>
		<pubDate>Thu, 05 Nov 2009 00:56:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[IM]]></category>
		<category><![CDATA[Ingram Micro Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19568</guid>
		<description><![CDATA[Ingram Micro (IM) reported third-quarter EPS of 25 cents, exceeding the Zacks Consensus Estimate of 20 cents. Revenues The company reported third-quarter revenues of $7.38 billion, down 11.0% on a year-over-year basis and up 12% on a sequential basis. The year-over-year decline in revenue can be attributed to the negative economic environment that prevailed throughout the last one year. Foreign currency translation negatively impacted the year-over-year comparison by approximately 3.0%, but had a positive impact on quarterly comparisons. The geographic distribution of revenues was as follows. North America reported third-quarter sales of $3.22 billion, down 10.3% year over year but up17.0% sequentially. Europe, Middle East, and Africa (EMEA) region reported revenues of $2.15 billion, down 16% year over year. There is a 6% negative impact of foreign currencies on EMEA ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(TECD) Tech Data Outperforms &#8211; value-added resellers accounted for 50% of second quarter revenue</title>
		<link>http://www.stockbloghub.com/2009/08/21/tecd-tech-data-outperforms-value-added-resellers-accounted-for-50-of-second-quarter-revenue/13054</link>
		<comments>http://www.stockbloghub.com/2009/08/21/tecd-tech-data-outperforms-value-added-resellers-accounted-for-50-of-second-quarter-revenue/13054#comments</comments>
		<pubDate>Fri, 21 Aug 2009 19:02:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Computers Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corp.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13054</guid>
		<description><![CDATA[Tech Data Corp. (TECD) has declared encouraging financial results for the second quarter of fiscal 2010. Total revenue was $5.2 billion compared to $6.2 billion in the prior-year quarter. However, this was above the Zacks Consensus Estimate of $5.04 billion. The year-over-year decline in sales is mainly attributable to the adverse movement of exchange rates of the U.S. dollar with respect to certain foreign currencies, as well as a challenging global economy that has resulted in a slowdown in IT spending. Net income in the second quarter of fiscal 2010 was $35.2 million compared to $22.1 million in the year-ago quarter. EPS in the same quarter was an income of 70 cents compared to an income of 42 cents in the prior-year quarter. This was significantly above the Zacks Consensus ]]></description>
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