Investopedia: SYNNEX - A Rising Player In A Brutal Business

The world has never especially loved middlemen, but it has never found a way to get on without them. In the business world, distributors of IT products like Synnex (NYSE:SNX) have long had to deal with razor-thin margins, ample competition, high working-capital needs and the threat that its customers and suppliers would work together to work around them. Although Synnex has all of these challenges, the company is doing well in growing margins and expanding its non-distribution business.

A Good Close to the End  
There are plenty of worries about the IT space these days, and warnings from companies like Juniper Networks (NYSE:JNPR) and Oracle (Nasdaq:ORCL) are doing little to help matters. When it comes to actually moving product, though, Synnex saw a very good fourth quarter.

Read more here:
http://stocks.investopedia.com/stock-analysis/2012/SYNNEX--A-Rising-Player-In-A-Brutal-Business-SNX-HPQ-IM-TECD0112.aspx

Investopedia: Overreaction May Make Tech Data Worth A Look

When a company operates in an industry with razor-thin margins, even the slightest disappointment can send investors into full flight. That, and a jumpy market to begin with, would seem like the best explanation for why Tech Data (Nasdaq:TECD) shares were punished so severely for what was not exactly a disastrous quarter. Although investors should approach this name with caution, value is value, and Tech Data may be worth a look.

First-Quarter Results - Europe Looking Soft
Tech Data reported that revenue rose 13% for the fiscal first quarter (and fell about 11% on a sequential basis). That missed the average estimate of $6.4 billion, and it seems as though analysts and institutions were particularly concerned about soft European consumer demand. Revenue from Europe rose 14% (in euros) from last year's level (and 18% in dollars), but it fell 18% on a sequential basis and looked to be weaker than expected by 2-4%. Business in the Americas was likewise better on a year-over-year basis (up 6%), but weaker than analysts had forecast.


Continue at:
http://stocks.investopedia.com/stock-analysis/2011/Overreaction-May-Make-Tech-Data-Worth-A-Look-TECD-IM-SNX-HPQ-AAPL-IBM-STX0526.aspx