back to article Ingram slashes profit outlook on soft market

Ingram Micro cast its own little shadow of financial doom today when it slashed its profit forecast after the market softness it had seen in July and August had persisted into September. The IT distributor had said back in July that it hoped to make sales of between $8.5bn and $8.8bn and net income of $52m to $61m in the third …

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  1. Doug Lynn

    profit of .003 percent???

    Hi, I thought that the market for parts was bad, resellers used to make good money selling parts but not any more since the big resellers got on the internet. You are lucky to make 2% net profit. No more mom and pop businesses selling parts, strictly system integrating and service.

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