SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Filed pursuant to Section 12, 13, or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 3, 1997
INTELLIGENT ELECTRONICS, INC.
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(Exact name of issuer as specified in charter)
PENNSYLVANIA 0-15991 23-2208404
(State or Other Jurisdiction Commission (I.R.S. Employer
of Incorporation or file number Identification
Organization) Number)
411 Eagleview Boulevard, Exton, Pennsylvania 19341
(Address of principal executive offices)
(610) 458-5500
(Registrant's telephone number, including area code)
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Item 4. Change in Registrant's Certifying Accountant
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Intelligent Electronics, Inc. (the "Company") retained KPMG Peat Marwick
LLP as its independent accountant and dismissed Price Waterhouse LLP,
effective September 3, 1997. During the two most recent fiscal years and
through the date of change, there were no disagreements between the
Company and Price Waterhouse LLP on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedure,
which disagreements if not resolved to the satisfaction of Price Waterhouse
LLP would have caused them to make reference thereto in their report on the
financial statements for such years. The reports of Price Waterhouse LLP
on the Company's financial statements for the past two fiscal years did not
contain an adverse opinion or a disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting
principle. The change in independent accountant was approved by the Audit
Committee of the Board of Directors of the Company.
KPMG Peat Marwick LLP is the independent accountant of XLConnect Solutions,
Inc., an 80% owned subsidiary of the Company.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
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16 Letter dated September 8, 1997 from Price Waterhouse LLP to the
Securities and Exchange Commission.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTELLIGENT ELECTRONICS, INC.
Date: September 9, 1997 By: /s/ Thomas J. Coffey
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Thomas J. Coffey,
Senior Vice President and
Chief Financial Officer
Price Waterhouse LLP
Thirty South Seventeenth Street
Philadelphia, PA 19103-4094
Telephone 215 575 5000
Sepember 8, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Ladies and Gentlemen:
We have read Item 4 of Intelligent Electronics, Inc.'s Form 8-K
dated September 3, 1997 and are in agreement with the statements
contained therein insofar as they relate to our firm.
Yours very truly,
Price Waterhouse LLP
