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Ingram Micro confirms second quarter guidance

Global distribution giant Ingram Micro has reaffirmed its financial guidance for the second quarter ending June 2008. The company still expects sales to come in at between US$8.5billion and US$8.75billion with profits in the range of US$59m to US$64m. Ingram’s profit forecasts do not take into account costs related to the expense reduction plans underway in EMEA and North America. Read full story

by Stuart Wilson, Friday 6 June 2008

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