The hand writing is on the wall
When you need to cut $100 million in overhead it's because you see a dim sales future and you don't want stock holders to skewer you when you must report reality.
Ingram Micro is toasting better trading conditions in Europe that helped it report record revenues for calendar '13 by sharpening the axe to "de-layer" and "align" the business and save up to $100m in overheads. The world's largest tech distributor filed numbers for Q4 with sales edging up four per cent to $11.8bn driven by …