The Channel logo

News

By | Drew Cullen 26th May 2005 11:00

Tech Data ' pales beside Ingram Micro' - CSFB

No Asia to cushion fall

Financial analysts like to second-guess the results of the firms they cover: it's a harmless sport - after all they are guided heavily by the firms - and they grab some press coverage into the bargain.

So caveat aside and onto Credit Suisse First Boston's predicitons for Tech Data, the world's second biggest IT distie, which reports later today. CSFB expects Tech Data to meet consensus Q1 estimates of 60 cents a share on revenues of $5.03bn.

But it reckons that "Tech Data's results and outlook will pale in comparison to chief rival Ingram Micro, which has Asia to cushion the fall," of continued price pressure in Europe, Forbes.com reports.

alert Send corrections

Opinion

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow
Pure Storage array

Neil McAllister

How the cloud taught Redmond to play by a new set of rules

Features

Pebble Steel
Meet the man who accidentally created the smartwatch hype
No, silly... he was the fall guy for years of Finnish folly
Fraud image