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	<title>Stock Blog Hub &#187; Tech Data Corporation</title>
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		<title>(AAPL) Personal Computer Market Losing Luster</title>
		<link>http://www.stockbloghub.com/2011/09/14/aapl-personal-computer-market-losing-luster/83006</link>
		<comments>http://www.stockbloghub.com/2011/09/14/aapl-personal-computer-market-losing-luster/83006#comments</comments>
		<pubDate>Wed, 14 Sep 2011 16:40:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Computers]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[Arrow Electronics Inc.]]></category>
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		<category><![CDATA[Ingram Micro Inc.]]></category>
		<category><![CDATA[International Business Machines]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[TECD]]></category>
		<category><![CDATA[Tech Data Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83006</guid>
		<description><![CDATA[Uncertainty continues to loom over the PC market. The rise of next generation ultra-portable gadgets (mainly tablets) has taken the market by storm, diverting consumer spending dollars from traditional desktops and notebooks. The success of Apple Inc.’s (AAPL) iPad has convinced the world that a thin rectangle portable touch screen with long battery life is enough to take care of most of our daily computing needs. While there was initial opinion that tablets were market expansive and there could be some truth to this, researches are now forecasting that iPad unit sales will grow at an average annual rate of more than 50% from this year to 2015. The fact that tablets are much cheaper is obviously playing a role as well. During the second quarter of 2011, PC shipments ]]></description>
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		<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>
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		<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>
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		<slash:comments>0</slash:comments>
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		<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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		<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>
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		<slash:comments>0</slash:comments>
		</item>
		<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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		<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>
		</item>
		<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>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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>
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		<item>
		<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>
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		<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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