- Oct 28, 1999
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Computer distributor Ingram Micro cuts 1000 jobs.
Orange County Ca. company has been hurt by weak demand for PC's and networking products.
Closing three facilities that will reduce its presence in Ca. significantly.
IM has already eliminated 1000 jobs previously this year since Jan.
"The word 'slowdown' for the industry is generous. Its a near depression".
Well, if you have been wondering why prices have been dropping like a rock...............