INGRAM MICRO NET SALES INCREASE 16% TO $7.8 BILLION FOR FIRST QUARTER 2000

Company Delivers Net Income Of $96 Million Or $0.65 Per Share

SANTA ANA, Calif., April 26, 2000

Ingram Micro Inc. (NYSE:IM), the world's largest wholesale provider of technology products and services, today announced financial results for its first quarter ended April 1, 2000. Net income for the period was $96.1 million or $0.65 per share compared to net income in the 1999 first quarter of $42.3 million or $0.29 per share. Net income for the 2000 first quarter includes gains from the sale of securities and from the repurchase of company debentures. Net income for the first quarter of 2000, excluding these gains, was $24.7 million or $0.17 per share.

Net sales for the first quarter of 2000 grew 16 percent to $7.80 billion. For the same period, net sales in the U.S. region grew 11 percent to $4.59 billion. Net sales in the European region grew 17 percent to $2.04 billion and grew more than 30 percent in local currencies. For geographic regions outside the United States and Europe, net sales increased 38 percent to $1.16 billion.

Again this quarter, Ingram Micro demonstrated solid execution for our customers around the world as the clear market leader in our industry, said Kent B. Foster, chief executive officer and president, Ingram Micro Inc. We are in a prime position to leverage our core capabilities and take advantage of significant opportunities in the evolution of logistics for the technology market. We intend to stay clearly focused on opportunities that enhance our financial performance and deliver results.

During the 2000 first quarter, the company recognized a gain of $69.3 million, net of tax, or $0.47 per share from the sale of shares of SOFTBANK Corp. common stock and an extraordinary gain of $2.1 million, net of tax, or $0.01 per share from the repurchase of company debentures.

At the end of the first quarter of 2000, Ingram Micros capital position improved, based on good asset utilization and contributions to equity from earnings. Total inventory decreased 22 percent from 1999 year-end to $2.72 billion at the end of the first quarter 2000 on comparable sales. Balance sheet debt declined $303 million from the end of fiscal 1999 to $1.05 billion, resulting in a balance sheet debt to capitalization ratio of 35 percent.

For more information about Ingram Micro's first-quarter earnings, see the Consolidated Balance Sheet and Statement of Income; you'll need Adobe Acrobat Reader to view these documents.

About Ingram Micro Inc.
Operating in 34 countries, Ingram Micro Inc. (NYSE:IM) is the worlds largest wholesale provider of technology products and services, with sales exceeding $29 billion for the past four reported quarters. Ingram Micros key business units deliver fulfillment and distribution, product acquisition and selection, supply-chain automation and programs, as well as eProcurement to more than 175,000 technology solution providers, manufacturers and businesses located in more than 100 countries. Ingram Micro is driving the evolution of wholesale distribution for the information technology industry and is the operation's engine behind leading global e-businesses today.