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Technology Stocks : TECD - Tech Data
TECD 143.31+0.1%12:12 PM EST

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To: GS_Wall Street who wrote (579)12/18/1999 11:12:00 PM
From: PeterGx   of 584
 
Thanks Greg -

I think that this company has been beaten more that it's condition warrants. I like their strategy of expanding their global presence. In light that Latin America and especially Europe are poised for strong growth in hi-tech, I think that TECD can grow its revenues and earnings above the 20% annual rate. That ought to bring them closer to IBM's P/E of 25 from it's current sub 10 level. It seems like an attractive addition to a portfolio. I see money shifting around during the first part of 2000 - out of the hyperachieving Net and e-tailers into more modestly priced second-tier Tech and Net players like TECD. One can hardly envision AMZN, EBAY, YHOO, ORCL, etc without the suppliers' and distributors' backbone. Yet, while their business fortunes are closely related, the two sectors' economic success is widely disparate. I think that the gap will tend to narrow and TECD should benefit (to the tune of 30-50% I think)
Cheers!
Peter
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