Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Tech Data Corporation Business Wire BENSALEM, Pa. -- March 29, 2013 Law Offices of Howard G. Smith announces that it is investigating potential claims against Tech Data Corporation (“Tech Data” or the “Company”) (NASDAQ:TECD) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by Tech Data regarding the Company’s financial performance. Tech Data engages in the wholesale distribution of technology products in North America, South America, Europe, the Middle East and Africa. The investigation is related to the Company’s March 21, 2013 announcement that it will restate certain of its financial results for its 2011, 2012 and 2013 fiscal years. The Company said investors should no longer rely on the financial data reported relating to these periods. The restatement will reduce previously reported consolidated operating income by approximately $30-40 million and consolidated net income by approximately $25-33 million. According to the Company, “the restatement will be made to correct improprieties related to how the Company’s U.K. subsidiary reflected vendor accounting.” In addition, the Company will likely seek a 15-day filing extension for its Annual Report on Form 10-K for the fiscal year ended January 31, 2013. If you purchased Tech Data shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com. Contact: Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 888-638-4847 email@example.com www.howardsmithlaw.com
Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Tech Data Corporation
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