Ingram Micro, Avnet Report Earnings in Wall Street Meltdown Aftermath - Bright Spot in the Quarter? Lease Financing
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A bright spot in the quarter came as the distributors noted an uptick in requests for lease financing quotes.
"[Our partners'] end users are requesting more lease quotes than they've ever requested before," said Paget. "Leasing is definitely available. All the major vendors have captive leasing programs, and there is certainly money available in the market for leases.
"The quoting activity gives some sense that there is still demand in the marketplace," he added.
But not all resellers and end customers may be seeing the credit flow.
"Are we lending more? Yes," said Ingram Micro CEO Spierkel, "where they look like they are solid. No, where the opportunities to make a return don't look so good."
Spierkel told financial analysts, during a call following the earnings release, that the company had not yet noticed any delays in repayments from SMB end customers, but it was keeping a watchful eye.
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