Ingram Micro shares fall 31% as CEO says he'll quit

Article Abstract:

Ingram Micro Inc.'s share value declined by 31% following the announcement that its chief executive officer Jerre Stead will resign. Ingram Micro's earnings for the third-quarter of 1999 are expected to be much lower-than-expected. The company blamed the low earnings on difficult market conditions in the US, competitive prices, and lower vendor rebates and incentives.

Comment:

Share value declines by 31% following announcement that chief executive officer Jerre Stead will resign

Strategy & planning, Executive changes & profiles, Abstract, Ingram Micro Inc.

---

Shifting Forces In PC Business Killed Top Dealer

Article Abstract:

Omaha, Neb.-based InaCom Corp. has eliminated 5,100 employees as the computer retailer shut down operations. InaCom was hurt by direct marketing of computers to sonsumers by companies, such as Dell Computer Corp.

Organizational history, Professional & Commercial Equipment, InaCom Corp., INAC

---

In electronics, U.S. companies seize momentum from Japan

Article Abstract:

The consumer electronics industry, formerly led by Japan has become the cutting edge of the United States. Low manufacturing costs and skill at writing software for semiconductor chips have created the success.

China, Japan, Forecasts, trends, outlooks, Household audio and video equipment, Industry Overview, Economic aspects, Consumer electronics industry, Industry forecasts

Similar abstracts:

• Abstracts: Warning call: as industry pushes headsets in cars, U.S. agency sees danger. Volvo takes a net gamble
• Abstracts: GE Discusses Selling a Stake In Satellite Company to SES. GE expects $400 million loss following attacks. Younger employees help GE managers to master the net
• Abstracts: Eatons ad creates high expectations. Sears' marketing future uncertain
• Abstracts: European Telecoms take another hit. Telekom Austria posts loss, but results beat forecasts
• Abstracts: L&H's board forces CEO to step down. L&H announces Duerden resigned from the board. Pol Hauspie Resigns From L&H Board

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.