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INGRAM MICRO TOPS $22 BILLION IN NET SALES FOR 1998, POSTING 33% ANNUAL GROWTHCompany reports record net income for the year of $245 million growing 27%SANTA ANA, Calif., Feb. 10, 1999Ingram Micro Inc. (NYSE:IM) today announced its financial results for the fiscal year and fourth quarter ended January 2, 1999. Net income for the fiscal year 1998 was $245.2 million, or $1.64 per share, exceeding net income in 1997 by 27 percent. Net sales for the year grew 33 percent to $22.0 billion. Net income for the fourth quarter was $73.2 million, or $0.49 per share, exceeding net income in the previous year's quarter by 6 percent. The company posted record net sales in the fourth quarter of 1998 of $6.22 billion, growing 21 percent over the $5.13 billion achieved in the same quarter last year. About Ingram Micro Inc.Ingram Micro Inc. (NYSE:IM), headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, and a leading provider of assembly and integration services with 1998 sales of $22.0 billion. The company and its affiliates operate in 31 countries and distribute more than 200,000 products to more than 130,000 resellers in 120 countries. For more information about Ingram Micro's third-quarter earnings, see the Consolidated Balance Sheet and Consolidated Statement Of Income; you'll need Adobe Acrobat Reader to view these documents. Contact
Kim Strohm
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