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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
MIAMI COMPUTER SUPPLY CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
593261 10 0
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(CUSIP Number)
Timothy G. Ewing
Ewing & Partners
2200 Ross Avenue
Suite 4660 West
Dallas, Texas 75201
(214) 999-1900
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(Name, Address, Telephone Number of Person Authorized to Receive Notices and
Communications)
September 17, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A
fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
Page 1 of 12 Pages
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CUSIP NO. 593261 10 0 Page 2 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ewing & Partners
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) ( )
(b) ( )
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) ( )
Not applicable
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6. CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
1,425,191
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
-0-
- -----------------------------------------------------------------------------
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
1,425,191
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10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,425,191
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.31%
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14. TYPE OF REPORTING PERSON
PN
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CUSIP NO. 593261 10 0 Page 3 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Value Partners, Ltd.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) ( )
(b) ( )
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) ( )
Not applicable
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6. CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
1,425,191
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
-0-
- -----------------------------------------------------------------------------
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
1,425,191
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10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,425,191
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.31%
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14. TYPE OF REPORTING PERSON
PN
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CUSIP NO. 593261 10 0 Page 4 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Timothy G. Ewing SARSEP IRA Account
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) ( )
(b) ( )
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURS Not applicable ( )
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6. CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
2,175
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
-0-
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
2,175
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10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
2,175
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02%
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14. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 593261 10 0 Page 5 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Timothy G. Ewing IRA Account
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) ( )
(b) ( )
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) ( )
Not applicable
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6. CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
41,628
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
-0-
- -----------------------------------------------------------------------------
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
41,628
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10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
41,628
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.39%
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14. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 593261 10 0 Page 6 of 12 Pages
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Amendment No. 10 to SCHEDULE 13D
This statement ("Amendment No. 10") amends the Schedule 13D, Amendment
No. 1 ("Amendment No. 1"), Amendment No. 2 ("Amendment No. 2"), Amendment No.
3 ("Amendment No. 3"), Amendment No. 4 ("Amendment No. 4"), Amendment No. 5
("Amendment No. 5"), Amendment No. 6 ("Amendment No. 6"), Amendment No. 7
("Amendment No. 7"), Amendment No. 8 ("Amendment No. 8") and Amendment No. 9
("Amendment No. 9") to the Schedule 13D filed by Value Partners, Ltd. ("VP"),
Ewing & Partners (formerly known as Fisher Ewing Partners) ("E&P"), the
Timothy G. Ewing SARSEP IRA Account (the "Account") and the Timothy G. Ewing
IRA Account (the "IRA") with the Securities and Exchange Commission on
November 20, 1996, December 24, 1996, January 10, 1997, April 18, 1997, May
22, 1997, June 5, 1997, July 8, 1997, October 9, 1997, February 17, 1998, and
July 10, 1998 respectively, with respect to the shares of common stock, no
par value per share ("Common Stock"), of Miami Computer Supply Corporation,
an Ohio corporation (the "Issuer"). The Schedule 13D and Amendment Nos. 1,
2, 3, 4, 5, 6, 7, 8 and 9 are collectively referred to herein as the
"Schedule 13D" where the context so permits. All defined terms refer to
terms defined herein and in the Schedule 13D, and Amendments Nos. 1, 2, 3, 4,
5, 6, 7, 8 and 9. Notwithstanding this Amendment No. 10, the Schedule 13D
and Amendment Nos. 1, 2, 3, 4, 5, 6, 7, 8 and 9 speak as of their respective
dates. The Schedule 13D is amended only to the extent set forth below:
Item 3. Source and Amount of Funds or Other Consideration.
----------------------------------------------------------
The following table sets forth the date of purchase, number of shares of
the Issuer's Common Stock purchased and total purchase price of such shares
for the transactions by VP in the Issuer's Common Stock not previously
reported on VP's Schedule 13D. VP's source of funds for such purchases was
its working capital (i.e., its partnership capital account).
Date of Purchase No. of Shares Purchased Total Purchase Price
---------------- ----------------------- --------------------
September 4, 1998 87,000 $1,218,025.00
September 10, 1998 10,000 $150,650.00
September 17, 1998 25,000 $403,150.00
September 17, 1998 12,500 $201,587.50
September 18, 1998 10,000 $155,025.00
September 21, 1998 5,000 $81,275.00
September 22, 1998 10,000 $153,775.00
Item 5. Interest in Securities of the Issuer.
---------------------------------------------
a. The aggregate number of shares of the Issuer's Common
Stock beneficially owned by VP as of September 17, 1998 was 1,425,191,
representing 13.31% of the Issuer's 10,708,254 outstanding shares of
Common Stock as of August 11, 1998, the date of the filing of the Form
10-Q by the Issuer with the Securities and Exchange Commission. The
Account directly (and Mr. Ewing indirectly) beneficially owns 2,175
shares of the Issuer's Common Stock, which represents 0.02% of the
Issuer's outstanding shares of Common Stock as of August
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CUSIP No. 593261 Page 7 of 12
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11, 1998. The IRA directly (and Mr.Ewing indirectly) beneficially owns
41,628 shares of the Issuer's Common Stock, which represents 0.39% of
the Issuer's outstanding shares of Common Stock as of August 11, 1998.
Except with respect to shares owned by the Account or the IRA, none of
E&P, EAM or Mr. Ewing directly owns any shares of Common Stock. By
reason of the provisions of Rule 13d-3 under the Exchange Act, each of
E&P, EAM and Mr. Ewing may be deemed to beneficially own the 1,468,994
shares of Common Stock owned by VP, the Account and the IRA, but E&P and
EAM disclaim the beneficial ownership of all 1,468,994 shares, and Mr.
Ewing disclaims the beneficial ownership of 1,425,191 shares, pursuant
to Rule 13d-4.
b. VP has the sole power to vote and the sole power to
dispose of the shares of Common Stock owned by it through its general
partner, E&P, and E&P acts solely through its general partners, EAM and
Mr. Ewing. Accordingly, each of E&P and Mr. Ewing may be deemed to have
sole voting and dispositive power with respect to the shares of Issuer's
Common Stock owned by VP.
Mr. Ewing has the sole power to vote and dispose of the
shares of Common Stock owned by the Account and the IRA.
c. Except as disclosed in Amendment No. 9 or this Amendment
No. 10, none of VP, E&P, EAM or Mr. Ewing, the Account or the IRA has
effected any transaction in the Issuer's Common Stock within the past 60
days.
d. No person or entity other than VP has the right to
receive, or the power to direct the receipt of, dividends from, or the
proceeds from the sale of, the shares of the Issuer's Common Stock
beneficially owned by VP.
No person or entity other than the Account has the right to
receive, or the power to direct the receipt of, dividends from, or the
proceeds from the sale of, the shares of the Issuer's Common Stock
beneficially owned by the Account.
No person or entity other than the IRA has the right to
receive, or the power to direct the receipt of, dividends from, or the
proceeds from the sale of, the shares of the Issuer's Common Stock
beneficially owned by the IRA.
e. Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
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with Respect to Securities of the Issuer
---------------------------------------
As of the date of the execution of this Amendment No. 10, (except for
the separate custodial account agreements for the Account and the IRA by
and between Mr. Ewing and Fiduciary Trust Company, the custodian of such
accounts, which Mr. Ewing does not believe to be applicable under this
Item 6), none of VP, E&P, EAM or Mr. Ewing, the Account or the IRA is a
party to any contract, arrangement, understanding or relationship among
themselves or with any other person with respect to any securities of
the Issuer, including but not limited to transfer or voting of any of
the Common Stock, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits
or loss, the giving or withholding of proxies or pledge or otherwise
subject to a contingency the occurrence of which would give another
person voting or investment power over the Common Stock, other than the
agreement among VP, E&P, EAM, Mr. Ewing, the Account and the IRA
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CUSIP NO. 593261 10 0 Page 8 of 12 Pages
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with respect to the filing of this Amendment No. 10 and any amendments
thereto, which agreement is attached as Exhibit A hereto.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Exhibit A -- Agreement among VP, E&P, EAM and Mr. Ewing, the Account and
the IRA with respect to the filing of Amendment No. 10 to the Schedule 13D.
[This space intentionally left blank.]<PAGE>
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CUSIP NO. 593261 10 0 Page 9 of 12
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SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this Amendment No. 10 to the Schedule 13D is true, complete and correct.
Value Partners, Ltd.
By: Ewing & Partners,
its General Partner
/s/Timothy G. Ewing
-------------------------
Timothy G. Ewing, Partner
Date: September 23, 1998
Ewing & Partners
By: /s/Timothy G. Ewing
-------------------------
Timothy G. Ewing SARSEP IRA
By: /s/Timothy G. Ewing
-------------------------
Timothy G. Ewing
Beneficiary
Date: September 23, 1998
Timothy G. Ewing IRA
By: /s/Timothy G. Ewing
-------------------------
Timothy G. Ewing
Beneficiary
Date: September 23, 1998
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CUSIP NO. 593261 10 0 Page 10 of 12 Pages
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EXHIBIT A
AGREEMENT
---------
This will confirm the agreement by and among all of the undersigned that
the Amendment No. 10 to the Schedule 13D filed on or about September 23,
1998, and any amendments thereto with respect to the beneficial ownership of
the undersigned of the shares of Common Stock of Miami Computer Supply
Corporation, an Ohio corporation, is being filed on behalf of each of the
parties named below. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Value Partners, Ltd.
By: Ewing & Partners,
its General Partner
/s/Timothy G. Ewing
-------------------
Timothy G. Ewing, Partner
Date: September 23, 1998
Ewing & Partners
By: /s/Timothy G. Ewing
-------------------
Timothy G. Ewing, Partner
Date: September 23, 1998
Timothy G. Ewing SARSEP IRA
By: /s/Timothy G. Ewing
-------------------
Timothy G. Ewing
Beneficiary
Date: September 23, 1998
Timothy G. Ewing IRA
By: /s/Timothy G. Ewing
-------------------
Timothy G. Ewing
Beneficiary
Date: September 23, 1998
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CUSIP No. 593261 10 0 Page 11 of 12 Pages
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SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Amendment No. 10 to the Schedule 13D is true, complete and correct.
Value Partners, Ltd.
By: Ewing & Partners,
its General Partner
/s/ Timothy G. Ewing
-------------------------
Timothy G. Ewing, Partner
Date: September 23, 1998
Ewing & Partners
By: /s/ Timothy G. Ewing
-------------------------
Timothy G. Ewing, Partner
Date: September 23, 1998
Timothy G. Ewing SARSEP IRA
By: /s/ Timothy G. Ewing
-------------------------
Timothy G. Ewing
Beneficiary
Date: September 23, 1998
Timothy G. Ewing IRA
By: /s/ Timothy G. Ewing
---------------------------
Timothy G. Ewing
Beneficiary
Date: September 23, 1998
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CUSIP No. 593261 10 0 Page 12 of 12 Pages
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EXHIBIT A
AGREEMENT
---------
This will confirm the agreement by and among all of the undersigned that
the Amendment No. 10 to the Schedule 13D filed on or about September 23, 1998,
and any amendments thereto with respect to the beneficial ownership of the
undersigned of the shares of Common Stock of Miami Computer Supply Corporation,
an Ohio corporation, is being filed on behalf of each of the parties named
below. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
Value Partners, Ltd.
By: Ewing & Partners,
its General Partner
/s/ Timothy G. Ewing, Partner
-----------------------------
Timothy G. Ewing, Partner
Date: September 23, 1998
Ewing & Partners
By: /s/ Timothy G. Ewing
-------------------------
Timothy G. Ewing, Partner
Date: September 23, 1998
Timothy G. Ewing SARSEP IRA
By: /s/ Timothy G. Ewing
--------------------------------
Timothy G. Ewing
Beneficiary
Date: September 23, 1998
Timothy G. Ewing IRA
By: /s/Timothy G. Ewing
--------------------------------
Timothy G. Ewing
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