Margins are tight in distribution, so are the distributors… We suspected CHS Electronics might be experiencing a few cash-flow problems, but The Register had no idea things were getting so tight. On a recent trip to the distributor’s factory in Holland, the entourage of press and CHS management was sitting in the stifling heat of Eindhoven airport, waiting to return to Blighty. Baking in the departures lounge, one of the assembled hacks asked Peter Rigby, CHS group marketing director, if he had any Dutch change so that said hack could buy a drink and quench their thirst. No, came the reply. And as there were no CHS spin-doctors around to help out, the journos were forced to wait until they got on their plane for the re-hydration. We knew things were bad in the distribution universe, but we had no idea things were at breaking point. Don’t worry Peter, we forgive you. The Red Cross food parcel’s in the post. ®