Distributor Arrow is waiting to see what happens later this month in enterprise computing sales, but has already cut its forecast. This is primarily down to poor sales in the components half of the business, in Europe.

It now expects revenue to be $3.05 to $3.65bn for the quarter ending July 4, 2009. Previously it indicated $3.15 to $3.75bn.

The company noted that the ongoing macroeconomic crisis, principally in the European components business, continues to negatively impact operating performance. The company cautioned that global enterprise computing solutions sales in the last few weeks of June, which typically account for a significant portion of the quarter's revenue, would be a determining factor in the actual revenue and earnings achieved.

"While this update is still within our original guidance, we felt it was best to provide our latest views prior to Investor Day later this week," said Michael J. Long, Arrow's chief executive officer.