Ingram Sounds Confident
The VAR Guy isn’t much of an investor. But he was pleased to hear Ingram Micro’s current quarter is on track to meet profit and sales expectations.
Ingram’s upbeat comments about Q4 arrive at a critical time. Some members of the press have been predicting that an economic slowdown will occur soon. Some channel publications spent last summer preparing for a recession.
Yes, the economy will cool down and eventually contract. But The VAR Guy isn’t ready to make any economic forecasts. Instead, he’s pleased to hear that big IT bellweather companies like Ingram feel confident about their current performance. Business can change in a heartbeat, but at least things are on track through the end of 2006.