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Ingram holds steady as rival warns of slowing sales
- Article from:
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Orange County Business Journal
- Article date:
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December 9, 2002
- Author:
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Copyright informationCopyright CBJ, L. P. Dec 9-Dec 15, 2002. Provided by ProQuest LLC. (Hide copyright information)
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Will Santa Ana's Ingram Micro Inc. soar or stumble this holiday season?
The question is on the minds of investors after Tech Data Corp., Ingram's Clearwater, Fla.-based rival, said spending by U.S. customers has softened, making the outlook for fourth-quarter sales lower than first expected.
Tech Data is the second largest technology products distributor after Ingram.
Some observers say Tech Data's warning doesn't bode well for an industry already besieged by slower corporate tech spending. Others say it shows Ingram is wresting customers from its rival.
In October, Ingram Chief Executive Kent Foster said the company's fourth-quarter sales should be up from the third as part of a ...
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