Ingram Micro Inc. (IM) CEO Alain Monie: PC & Mobile Computing Will Complement Each Other

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Ingram Micro Inc. (NYSE:IM) Chief Executive Officer Alain Monie believes that PC and mobile computing will complement each other, the executive expressed in a recent interview with CNBC.

Ingram Micro, Alain Monie, is Ingram Micro a good stock to buy,

Ingram Micro, Alain Monie, is Ingram Micro a good stock to buy,

In an interview with Andrew Ross Sorkin, the Ingram Micro Inc. (NYSE:IM) also expressed that the information technology industry is due for a refresh which adds to the demand for devices.

The CEO explained:

“PCs have been around for a long time. Over the last couple of years, I would say, the demand was very, very low. That’s true around the world. So, it was due for a refresh in any case. The [Windows] XP situation added to it if you will. Companies need to refresh their fleets so that’s what they are doing and have been doing over the last, say, couple of quarters. It may get into the second half of this year but long term, you have to take into account the fact that tablets are taking a very, very big role.”

Asked whether in the business world, people will have tablets only on their desks in the next five years or so, the Ingram Micro Inc. (NYSE:IM) CEO said that he believes this will not be the case. He explained:

“I think we’ll have both [tablets and PCs]as it is already starting to be seen… [Having both] is good for everybody’s business and if you look at the evolution of technology, to certain extent there is cannibalization of devices, but if you look at yourself, you probably carry three devices or have five devices if you include [your devices at]home. That is what’s going on in the industry now. I would say that in one hand, PCs are going to be less the center of the universe [and]mobility [will be]the center of the universe as far as devices but they will complete each other. You’ll have a tablet, a phablet, a handphone and a PC.”

Watch the full interview below.

 

Ingram Micro Inc. (NYSE:IM) investors includes Charles De Vaulx’s International Value Advisers which reported about 4.72 million shares in the company, a stake valued at about $139 million, by the end of March. Another investor is Anthony Bozza’s Lakewood Capital Management which reported about 3.24 million shares in the company during the same period.

 

Disclosure: None

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