ATTENTION SHAREHOLDERS: Tech Data Corporation (TECD) Under Investigation by The Young Law Firm For Possible Violations of

  ATTENTION SHAREHOLDERS: Tech Data Corporation (TECD) Under Investigation by
  The Young Law Firm For Possible Violations of Federal Securities Laws

Business Wire

PHOENIXVILLE, Pa. -- April 30, 2013

The Young Law Firm is investigating potential claims on behalf of investors in
Tech Data Corporation (“Tech Data” or the “Company”) concerning possible
violations of federal securities laws. The investigation concerns how the
Company reported income.

Tech Data distributes technology products. On March 21, 2013, the Company
announced that its Audit Committee had concluded that the Company would
restate some or all of its previously issued quarterly and audited annual
financial statements for the fiscal years 2011 and 2012, and some or all of
the quarters of fiscal year 2013, including its fourth quarter and fiscal year
2013 earnings release dated March 4, 2013. Accordingly, the Company advised
that investors should no longer rely upon the Company’s previously released
financial statements and other financial data relating to these periods. The
Company further stated that it anticipated that the restatement would be made
to correct improprieties primarily related to how the Company’s U.K.
subsidiary reflected vendor accounting and that the Company estimated that the
restatement will reduce previously reported consolidated operating income by
an aggregate amount of approximately $30 million to $40 million, and
consolidated net income by an aggregate amount of approximately $25 million to
$33 million, over the three fiscal year periods.

On April 1, 2013 Tech Data further announced that it had notified the
Securities and Exchange Commission that it was unable to file its Annual
Report on Form 10-K for the year ended January 31, 2013 within the prescribed
time period.

Shareholders have rights. If you purchased Tech Data stock and would like to
learn more about these matters, please contact:

Henry Young Esq.
The Young Law Firm
Toll Free: (888) 452-7252
Email: contact@theyounglf.com
or visit:
www.theyounglf.com/tech-data-corporation-securities-fraud-class-action/

The Young Law Firm is a national shareholder litigation firm located outside
of Philadelphia, Pa. We protect individual and institutional investors in
state and federal courts nationwide. For more information about the firm and
class action cases in general, please visit our website: www.theyounglf.com.

Legal Notice: Pursuant to the laws of certain states of the United States this
press release may be considered attorney advertising. That The Young Law Firm
may have recovered money and other benefits for shareholders in the past does
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the content of this message.

Contact:

The Young Law Firm
Henry Young Esq.
Toll Free: (888) 452-7252
Email: contact@theyounglf.com
 
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