Ingram Micro (-25.4 percent)
Weaker foreign currencies had about a 7 percent negative effect on the Q2 year-over-year comparison, according to Ingram Micro.
CEO Greg Spierkel warned not to expect a dramatic turnaround. "We expect the overall demand environment to follow historical seasonal patterns," he said in a statement. "While the demand picture is not deteriorating, we believe that the road to recovery will be protracted over a number of quarters as unemployment weighs on the confidence levels of consumers and small businesses."
Ingram Micro's North America sales declined 22 percent. Sales in the Europe, Middle East and Africa fell 32 percent compared to the year-ago quarter. Asia Pacific revenue fell 21 percent compared to the second quarter last year, and Latin America sales were down 27 percent for the same period.