UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)
(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934


For the quarterly period ended July 5, 2001

                                       OR

( )  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d) OF  THE  SECURITIES
EXCHANGE  ACT OF 1934

For the transition period from              to

Commission file number 0-20022


                        POMEROY COMPUTER RESOURCES, INC.
                        --------------------------------
             (Exact name of registrant as specified in its charter)


             DELAWARE                                           31-1227808
             --------                                           ----------
(State or jurisdiction of incorporation                       (IRS Employer
          or organization)                                  Identification No.)


                     1020 Petersburg Road, Hebron, KY 41048
                     --------------------------------------
                    (Address of principal executive offices)


                                 (859) 586-0600
                                 --------------
              (Registrant's telephone number, including area code)



     Indicate  by  check  mark  whether the registrant (1) has filed all reports
required  to  be  filed by Section 13 or 15(d) of the Securities Exchange Act of
1934  during  the  preceding  12  months  (or  for  such shorter period that the
registrant  was required to file such reports), and (2) has been subject to such
requirements  for  the  past  90  days.

YES X   NO
   ---    ---

The number of shares of common stock outstanding as of August 01, 2001 was
12,658,181.


                                  Page 1 of 16
<PAGE>
                        POMEROY COMPUTER RESOURCES, INC.

                                TABLE OF CONTENTS

Part I.    Financial Information

           Item 1.                Financial Statements:                    Page
                                                                           ----

                                  Consolidated Balance Sheets as of
                                  January 5, 2001 and July 5, 2001
                                                                              3

                                  Consolidated Statements of Income for
                                  The Three Months Ended July 5, 2000
                                  and July 5, 2001                            5

                                  Consolidated Statements of Income for
                                  the Six Months Ended July 5, 2000 and
                                  2001                                        6

                                  Consolidated Statements of Cash Flows
                                  for the Six Months Ended July 5, 2000
                                  and 2001                                    7

                                  Notes to Consolidated Financial
                                  Statements                                  8

                                  Management's Discussion and Analysis of
                                  Financial Condition and Results of
           Item 2.                Operations                                 11

Part II.   Other Information                                                 14

SIGNATURE                                                                    16


                                  Page 2 of 16
<PAGE>
<TABLE>
<CAPTION>
                        POMEROY COMPUTER RESOURCES, INC.

                          CONSOLIDATED BALANCE SHEETS


(in thousands)                                                  January 5,   July 5,
                                                                   2001        2001
                                                                -----------  --------
ASSETS
<S>                                                             <C>          <C>
Current assets:
   Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . .  $     1,097  $  2,727

Accounts receivable:
   Trade, less allowance of $586 and $498 at January 5, 2001
      and July 5, 2001, respectively . . . . . . . . . . . . .      137,252   115,106
   Vendor receivables, less allowance of $1,892 and $1,112 at
      January 5, 2001 and July 5, 2001, respectively . . . . .       44,884    45,284
   Net investment in leases. . . . . . . . . . . . . . . . . .       26,116    28,660
   Other . . . . . . . . . . . . . . . . . . . . . . . . . . .        4,900     3,790
                                                                -----------  --------
         Total receivables . . . . . . . . . . . . . . . . . .      213,152   192,840
                                                                -----------  --------

Inventories. . . . . . . . . . . . . . . . . . . . . . . . . .       29,346    20,418
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . .        5,845     3,777
                                                                -----------  --------
         Total current assets. . . . . . . . . . . . . . . . .      249,440   219,762
                                                                -----------  --------

Equipment and leasehold improvements:
  Furniture, fixtures and equipment. . . . . . . . . . . . . .       28,211    29,889
  Leasehold improvements . . . . . . . . . . . . . . . . . . .        5,351     5,356
                                                                -----------  --------
        Total. . . . . . . . . . . . . . . . . . . . . . . . .       33,562    35,245

  Less accumulated depreciation. . . . . . . . . . . . . . . .       14,916    15,559
                                                                -----------  --------
      Net equipment and leasehold improvements . . . . . . . .       18,646    19,686
                                                                -----------  --------

Net investment in leases.. . . . . . . . . . . . . . . . . . .       36,379    31,018
Goodwill and other intangible assets . . . . . . . . . . . . .       53,458    53,377
Other assets . . . . . . . . . . . . . . . . . . . . . . . . .        3,345     3,354
                                                                -----------  --------
         Total assets. . . . . . . . . . . . . . . . . . . . .  $   361,268  $327,197
                                                                ===========  ========
</TABLE>

                 See notes to consolidated financial statements.


                                  Page 3 of 16
<PAGE>
<TABLE>
<CAPTION>
                        POMEROY COMPUTER RESOURCES, INC.

                          CONSOLIDATED BALANCE SHEETS

(in thousands)                                                 January 5,   July 5,
                                                                  2001        2001
                                                               -----------  --------
<S>                                                            <C>          <C>
LIABILITIES AND EQUITY

Current Liabilities:
  Current portion of notes payable. . . . . . . . . . . . . .  $    22,783  $ 24,231
  Accounts payable. . . . . . . . . . . . . . . . . . . . . .       67,298    71,195
  Bank notes payable. . . . . . . . . . . . . . . . . . . . .       55,464    18,055
  Deferred revenue. . . . . . . . . . . . . . . . . . . . . .        7,124     2,729
  Other current liabilities . . . . . . . . . . . . . . . . .        7,322     7,273
                                                               -----------  --------
     Total current liabilities. . . . . . . . . . . . . . . .      159,991   123,483
                                                               -----------  --------

Notes payable . . . . . . . . . . . . . . . . . . . . . . . .       19,572    14,303


Equity:
  Preferred stock, $.01 par value; authorized 2,000 shares
  (no shares issued or outstanding) . . . . . . . . . . . . .            -         -
  Common stock, $.01 par value; authorized 20,000 shares
  (12,585 and 12,637 shares issued at January 5, 2001 and
  July 5, 2001, respectively. . . . . . . . . . . . . . . . .          126       127
  Paid in capital . . . . . . . . . . . . . . . . . . . . . .       78,731    79,267
  Retained earnings . . . . . . . . . . . . . . . . . . . . .      103,170   110,339
                                                               -----------  --------
                                                                   182,027   189,733

  Less treasury stock, at cost (31 shares at January 5, 2001
   and July 5, 2001). . . . . . . . . . . . . . . . . . . . .          322       322
                                                               -----------  --------
  Total equity. . . . . . . . . . . . . . . . . . . . . . . .      181,705   189,411
                                                               -----------  --------
  Total liabilities and equity. . . . . . . . . . . . . . . .  $   361,268  $327,197
                                                               ===========  ========
</TABLE>

                 See notes to consolidated financial statements.


                                  Page 4 of 16
<PAGE>
<TABLE>
<CAPTION>
                        POMEROY COMPUTER RESOURCES, INC.

                        CONSOLIDATED STATEMENTS OF INCOME


(in thousands, except per share data)     Three Months Ended
                                        --------------------
                                         July 5,    July 5,
                                          2000       2001
                                        ---------  ---------
<S>                                     <C>        <C>
Net sales and revenues:
 Sales-equipment, supplies and leasing  $187,582   $170,102
 Service . . . . . . . . . . . . . . .    33,328     35,234
                                        ---------  ---------
    Total net sales and revenues . . .   220,910    205,336
                                        ---------  ---------

Cost of sales and service:
 Sales-equipment, supplies and leasing   173,020    154,706
 Service . . . . . . . . . . . . . . .    18,367     25,487
                                        ---------  ---------
    Total cost of sales and service. .   191,387    180,193
                                        ---------  ---------

         Gross margin. . . . . . . . .    29,523     25,143
                                        ---------  ---------

Operating expenses:
   Selling, general and administrative    13,017     14,244
   Rent expense. . . . . . . . . . . .       764        891
   Depreciation. . . . . . . . . . . .     1,159      1,181
   Amortization. . . . . . . . . . . .     1,017      1,370
   Provision for doubtful accounts . .       100         60
                                        ---------  ---------
         Total operating expenses. . .    16,057     17,746
                                        ---------  ---------

Income from operations . . . . . . . .    13,466      7,397
                                        ---------  ---------

Other expense (income):
   Interest expense. . . . . . . . . .       903        484
   Miscellaneous . . . . . . . . . . .       (60)       (42)
                                        ---------  ---------
         Total other expense . . . . .       843        442
                                        ---------  ---------

   Income before income tax. . . . . .    12,623      6,955
   Income tax expense. . . . . . . . .     5,018      2,712
                                        ---------  ---------

   Net income. . . . . . . . . . . . .  $  7,605   $  4,243
                                        =========  =========

Weighted average shares outstanding:
   Basic . . . . . . . . . . . . . . .    12,077     12,591
                                        =========  =========
   Diluted . . . . . . . . . . . . . .    12,240     12,673
                                        =========  =========

Earnings per common share:
   Basic . . . . . . . . . . . . . . .  $   0.63   $   0.34
                                        =========  =========
   Diluted . . . . . . . . . . . . . .  $   0.62   $   0.33
                                        =========  =========
</TABLE>

                 See notes to consolidated financial statements.


                                  Page 5 of 16
<PAGE>
<TABLE>
<CAPTION>
                        POMEROY COMPUTER RESOURCES, INC.

                        CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data)    Six Months Ended
                                        --------------------
                                         July 5,    July 5,
                                          2000       2001
                                        ---------  ---------
<S>                                     <C>        <C>
Net sales and revenues:
 Sales-equipment, supplies and leasing  $368,995   $332,076
 Service . . . . . . . . . . . . . . .    63,493     68,956
                                        ---------  ---------
    Total net sales and revenues . . .   432,488    401,032
                                        ---------  ---------

Cost of sales and service:
 Sales-equipment, supplies and leasing   339,767    300,645
 Service . . . . . . . . . . . . . . .    36,421     50,496
                                        ---------  ---------
    Total cost of sales and service. .   376,188    351,141
                                        ---------  ---------

         Gross margin. . . . . . . . .    56,300     49,891
                                        ---------  ---------

Operating expenses:
   Selling, general and administrative    25,824     29,022
   Rent expense. . . . . . . . . . . .     1,557      1,808
   Depreciation. . . . . . . . . . . .     2,183      2,287
   Amortization. . . . . . . . . . . .     1,929      2,716
   Provision for doubtful accounts . .       100         60
   Litigation settlement . . . . . . .         -      1,000
                                        ---------  ---------
         Total operating expenses. . .    31,593     36,893
                                        ---------  ---------

Income from operations . . . . . . . .    24,707     12,998
                                        ---------  ---------

Other expense (income):
   Interest expense. . . . . . . . . .     1,831      1,365
   Miscellaneous . . . . . . . . . . .      (109)      (119)
                                        ---------  ---------
         Total other expense . . . . .     1,722      1,246
                                        ---------  ---------

   Income before income tax. . . . . .    22,985     11,752
   Income tax expense. . . . . . . . .     9,094      4,583
                                        ---------  ---------

   Net income. . . . . . . . . . . . .  $ 13,891   $  7,169
                                        =========  =========

Weighted average shares outstanding:
   Basic . . . . . . . . . . . . . . .    11,980     12,584
                                        =========  =========
   Diluted . . . . . . . . . . . . . .    12,188     12,691
                                        =========  =========

Earnings per common share:
   Basic . . . . . . . . . . . . . . .  $   1.16   $   0.57
                                        =========  =========
   Diluted . . . . . . . . . . . . . .  $   1.14   $   0.56
                                        =========  =========
</TABLE>

                 See notes to consolidated financial statements.


                                  Page 6 of 16
<PAGE>
<TABLE>
<CAPTION>
                        POMEROY COMPUTER RESOURCES, INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)                                       Six Months Ended
                                                   --------------------
                                                    July 5,    July 5,
                                                     2000       2001
                                                   ---------  ---------
<S>                                                <C>        <C>
Cash Flows from Operating Activities:
  Net income. . . . . . . . . . . . . . . . . . .  $ 13,891   $  7,169
  Adjustments to reconcile net income to net cash
   flows from operating activities:
   Depreciation . . . . . . . . . . . . . . . . .     2,596      3,577
   Amortization . . . . . . . . . . . . . . . . .     1,929      2,716
   Deferred income taxes. . . . . . . . . . . . .     3,551       (300)
   (Gain) or loss on sale of fixed assets . . . .       (30)     1,217
   Stock option extension . . . . . . . . . . . .         -        265
   Changes in working capital accounts, net of
   effect of acquisitions:
       Receivables. . . . . . . . . . . . . . . .    (2,578)    22,911
       Inventories. . . . . . . . . . . . . . . .     2,071      6,620
       Prepaids . . . . . . . . . . . . . . . . .    (3,659)     2,068
       Net investment in leases . . . . . . . . .    (8,034)     2,967
       Accounts payable . . . . . . . . . . . . .   (11,799)     3,896
       Deferred revenue . . . . . . . . . . . . .    (1,603)    (4,395)
       Income tax payable . . . . . . . . . . . .      (173)    (1,648)
       Other, net . . . . . . . . . . . . . . . .    (1,276)     1,399
                                                   ---------  ---------
 Net operating activities . . . . . . . . . . . .    (5,114)    48,462
                                                   ---------  ---------

Cash Flows from Investing Activities:
    Capital expenditures. . . . . . . . . . . . .    (1,815)    (2,560)
    Acquisition of subsidiary companies, net of
    cash acquired . . . . . . . . . . . . . . . .    (2,430)    (3,375)
                                                   ---------  ---------
  Net investing activities. . . . . . . . . . . .    (4,245)    (5,935)
                                                   ---------  ---------

Cash Flows from Financing Activities:
  Payments under notes payable. . . . . . . . . .   (10,717)   (12,469)
  Proceeds under notes payable. . . . . . . . . .    25,130      8,446
  Net payments under bank notes payable . . . . .   (10,248)   (37,410)
  Proceeds from exercise of stock options . . . .     3,535        262
  Proceeds from employee stock purchase plan. . .         -        274
                                                   ---------  ---------
  Net financing activities. . . . . . . . . . . .     7,700    (40,897)
                                                   ---------  ---------

Increase (decrease) in cash . . . . . . . . . . .    (1,659)     1,630
Cash:
   Beginning of period. . . . . . . . . . . . . .     1,737      1,097
                                                   ---------  ---------
   End of period. . . . . . . . . . . . . . . . .  $     78   $  2,727
                                                   =========  =========
</TABLE>

                 See notes to consolidated financial statements.


                                  Page 7 of 16
<PAGE>
                        POMEROY COMPUTER RESOURCES, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.   Basis  of  Presentation

     The consolidated financial statements have been prepared in accordance with
     generally  accepted accounting principles for interim financial information
     and  with  the  instructions to Form 10-Q and Rule 10-01 of Regulation S-X.
     Except  as  disclosed  herein,  there  has  been  no material change in the
     information  disclosed  in  the  notes to consolidated financial statements
     included  in  the  Company's  Annual Report on Form 10-K for the year ended
     January  5, 2001. In the opinion of management, all adjustments (consisting
     of  normal  recurring  accruals)  necessary  for a fair presentation of the
     interim  period have been made. The results of operations for the six-month
     period  ended  July  5,  2001 are not necessarily indicative of the results
     that  may  be  expected  for  future interim periods or for the year ending
     January  5,  2002.

2.   Cash  and  Bank  Notes  Payable

     On  June  28,  2001,  the  Company  finalized  a  new $240.0 million Credit
     Facility  Agreement  with  Deutsche Financial Services Corporation. The new
     credit  facility  has  a three year term and its components include a $72.0
     million  component  for inventory financing, a $144.0 million component for
     working  capital,  and  a  new  cash-flow  component in the form of a $24.0
     million  term loan that is not restricted to a borrowing base. At January 5
     and July 5, 2001, bank notes payable include $9.2 million and $7.6 million,
     respectively,  of  overdrafts  in  accounts  with a participant bank to the
     Company's  credit  facility. These amounts were subsequently funded through
     the  normal  course  of  business.


3.   Earnings  per  Common  Share

     The following is a reconciliation of the number of shares used in the basic
     EPS  and  diluted  EPS  computations: (in thousands, except per share data)


<TABLE>
<CAPTION>
                           Three Months Ended July 5,
                    ---------------------------------------
                           2000                 2001
                    ------------------  -------------------
                             Per Share            Per Share
                    Shares    Amount     Shares    Amount
                    ------  -----------  ------  -----------
<S>                 <C>     <C>          <C>     <C>
Basic EPS           12,077  $     0.63   12,591  $     0.34
Effect of dilutive
  Stock options        163       (0.01)      82       (0.01)
                    ------  -----------  ------  -----------
Diluted EPS         12,240  $     0.62   12,673  $     0.33
                    ======  ===========  ======  ===========

                           Six Months Ended July 5,
                    ----------------------------------------
                          2000                  2001
                    -------------------  -------------------
                             Per Share            Per Share
                    Shares    Amount     Shares    Amount
                    ------  -----------  ------  -----------
Basic EPS           11,980  $     1.16   12,584  $     0.57
Effect of dilutive
  Stock options        208       (0.02)     107       (0.01)
                    ------  -----------  ------  -----------
Diluted EPS         12,188  $     1.14   12,691  $     0.56
                    ======  ===========  ======  ===========
</TABLE>


                                  Page 8 of 16
<PAGE>
4.   Supplemental  Cash  Flow  Disclosures

     Supplemental disclosures with respect to cash flow information and non-cash
     investing  and  financing  activities  are  as  follows:  (in  thousands)


                                     Six Months Ended July 5,
                                     ------------------------
                                         2000        2001
                                     -----------  -----------

Interest paid                        $     1,885  $     1,754
                                     ===========  ===========
Income taxes paid                    $     9,755  $     4,416
                                     ===========  ===========
Adjustments to purchase price
 of acquisition assets               $         -  $       594
                                     ===========  ===========

Business combinations accounted for
as purchases:
  Assets acquired                    $     5,643  $     3,375
  Liabilities assumed                      3,063            -
  Notes payable                              150            -
                                     -----------  -----------
  Net cash paid                      $     2,430  $     3,375
                                     ===========  ===========


5.   Litigation

     On  April  13,  2001,  the Company agreed to a settlement of the litigation
     with  FTA  Enterprises, Inc. and expensed it in the first quarter of fiscal
     2001. The settlement of $1.0 million was paid in cash in the second quarter
     of  fiscal  2001.

     There  are  various  other  legal  actions  arising in the normal course of
     business  that  have  been brought against the Company. Management believes
     these  matters  will  not  have  a material adverse effect on the Company's
     financial  position  or  results  of  operations.

6.   Segment  Information

     Summarized  financial  information  concerning  the  Company's  reportable
     segments  is shown in the following table. For the six months ended July 5,
     2000,  the depreciation and amortization reported under the leasing segment
     has  been  adjusted  to  properly  reflect  depreciation  and  amortization
     reported  for  the  three  months  ended  April  5,  2000.  (in  thousands)

<TABLE>
<CAPTION>
                                    Three  Months  Ended  July  5,  2000
                               ---------------------------------------------
                               Products   Services   Leasing   Consolidated
                               ---------  ---------  --------  -------------
<S>                            <C>        <C>        <C>       <C>
Revenues                       $ 185,708  $  33,328  $  1,874  $     220,910
Income from operations             4,559      8,524       383         13,466
Total assets                     222,322     63,349    60,422        346,093
Capital expenditures                 665        142         -            807
Depreciation and amortization      1,684        397       325          2,406

                                    Three  Months  Ended  July  5,  2001
                               ---------------------------------------------
                               Products   Services   Leasing   Consolidated
                               ---------  ---------  --------  -------------
Revenues                       $ 167,757  $  35,234  $  2,345  $     205,336
Income from operations             4,423      2,493       481          7,397
Total assets                     202,188     60,632    64,377        327,197
Capital expenditures               1,458         65        30          1,553
Depreciation and amortization      2,359        550       286          3,195


                                  Page 9 of 16
<PAGE>
                                     Six  Months  Ended  July  5,  2000
                               ---------------------------------------------
                               Products   Services   Leasing   Consolidated
                               ---------  ---------  --------  -------------
Revenues                       $ 363,744  $  63,493  $  5,251  $     432,488
Income from operations             8,478     14,533     1,696         24,707
Total assets                     222,322     63,349    60,422        346,093
Capital expenditures               1,616        199         -          1,815
Depreciation and amortization      3,196        751       578          4,525


                                     Six  Months  Ended  July  5,  2001
                               ---------------------------------------------
                               Products   Services   Leasing   Consolidated
                               ---------  ---------  --------  -------------
Revenues                       $ 327,132  $  68,956  $  4,944  $     401,032
Income from operations             8,445      3,701       852         12,998
Total assets                     202,188     60,632    64,377        327,197
Capital expenditures               2,208        121       231          2,560
Depreciation and amortization      4,586      1,089       618          6,293
</TABLE>

7.   Recent Accounting Pronouncements

     On  July  20,  2001, the Financial Accounting Standards Board (FASB) issued
     Statement  of  Financial  Accounting  Standards  (SFAS)  141,  Business
     Combinations,  and  SFAS  142,  Goodwill and Intangible Assets. SFAS 141 is
     effective for all business combinations completed after June 30, 2001. SFAS
     142  is  effective  for  fiscal  years  beginning  after December 15, 2001;
     however,  certain  provisions of this Statement apply to goodwill and other
     intangible  assets  acquired between July 1, 2001 and the effective date of
     SFAS  142.  Major  provisions of these Statements and their effective dates
     for  the  Company  are  as  follows:

     -    All  business  combinations initiated after June 30, 2001 must use the
          purchase  method  of  accounting.  The  pooling  of interest method of
          accounting is prohibited except for transactions initiated before July
          1,  2001.
     -    Intangible  assets acquired in a business combination must be recorded
          separately from goodwill if they arise from contractual or other legal
          rights  or  are  separable  from  the acquired entity and can be sold,
          transferred,  licensed, rented or exchanged, either individually or as
          part  of  a  related  contract,  asset  or  liability.
     -    Goodwill, as well as intangible assets with indefinite lives, acquired
          after June 30, 2001, will not be amortized. Effective January 6, 2002,
          all  previously  recognized  goodwill  and  intangible  assets  with
          indefinite  lives  will  no  longer  be  subject  to  amortization.
     -    Effective  January  6,  2002,  goodwill  and  intangible  assets  with
          indefinite  lives  will be tested for impairment annually and whenever
          there  is  an  impairment  indicator.
     -    All acquired goodwill must be assigned to reporting units for purposes
          of  impairment  testing  and  segment  reporting.

The  Company will continue to amortize goodwill and intangible assets recognized
prior  to July 1, 2001, under its current method until January 5, 2002, at which
time  goodwill amortization expense will no longer be recognized.  At this time,
the Company has not estimated the financial impact that adoption of the standard
is  expected  to have on the financial statements. By April 5, 2002, the Company
will  have completed a transitional fair value based impairment test of goodwill
as  of January 6, 2002.  By January 5, 2003, the  Company  will have completed a
transitional  impairment  test  of  all intangible assets with indefinite lives.
Impairment  losses,  if  any,  resulting  from  the transitional testing will be
recognized in the quarter ended April 5, 2002 as a cumulative effect of a change
in  accounting  principle.


                                  Page 10 of 16
<PAGE>
         Special Cautionary Notice Regarding Forward-Looking Statements
         --------------------------------------------------------------

Certain  of the matters discussed under the caption "Management's Discussion and
Analysis  of  Financial  Condition  and  Results  of Operations" contain certain
forward  looking  statements  regarding future financial results of the Company.
The words "expect," "estimate," "anticipate," "predict," and similar expressions
are  intended  to  identify  forward-looking  statements.  Such  statements  are
forward-looking  statements  for  purposes of the Securities Act of 1933 and the
Securities  Exchange  Act of 1934, as amended, and as such may involve known and
unknown  risks,  uncertainties  and  other  factors  which  may cause the actual
results,  performance  or achievements of the Company to be materially different
from  future  results,  performance or achievements expressed or implied by such
forward-looking  statements.  Important  factors  that  could  cause  the actual
results,  performance  or  achievements of the Company to differ materially from
the  Company's  expectations  are  disclosed in this document including, without
limitation,  those  statements  made  in  conjunction  with  the forward-looking
statements  under  "Management's  Discussion and Analysis of Financial Condition
and  Results  of  Operations".  All  written  or oral forward-looking statements
attributable  to  the  Company are expressly qualified in their entirety by such
factors.

                        POMEROY COMPUTER RESOURCES, INC.
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

TOTAL  NET  SALES  AND  REVENUES.  Total  net sales and revenues decreased $15.6
million,  or  7.1%,  to $205.3 million in the second quarter of fiscal 2001 from
$220.9  million in the second quarter of fiscal 2000. This decrease was a result
primarily  of  an  industry-wide  slowdown  in  technology  spending.  Excluding
acquisitions  completed  in  fiscal  years  2000  and  2001, total net sales and
revenues decreased 9.0%.  Products and leasing sales decreased $17.5 million, or
9.3%  to $170.1 million in the second quarter of fiscal 2001 from $187.6 million
in  the  second  quarter  of  fiscal  2000.  Excluding acquisitions completed in
fiscal years 2000 and 2001, products and leasing sales decreased 11.2%.  Service
revenues increased $1.9 million, or 5.7%, to $35.2 million in the second quarter
of  fiscal  2001  from  $33.3 million in the second quarter of fiscal year 2000.
This net increase was primarily a result of an increase in sales to existing and
new  customers  offset somewhat by a decrease in service billable revenue due to
under-utilization  of  service  personnel.  Excluding  acquisitions completed in
fiscal  years  2000  and  2001,  service  revenues  increased  3.1%.

Total net sales and revenues decreased $31.5 million, or 7.3%, to $401.0 million
in the first half of fiscal 2001 from $432.5 million in the first half of fiscal
2000.  This  decrease was attributable primarily to an industry-wide slowdown in
technology  spending.  Excluding acquisitions completed in fiscal years 2000 and
2001,  total  net  sales and revenues decreased 8.8%. Products and leasing sales
decreased $36.9 million, or 10.0%, to $332.1 million in the first half of fiscal
2001  from  $369.0  million  in  the  first  half  of  fiscal  2000.  Excluding
acquisitions completed in fiscal years 2000 and 2001, products and leasing sales
decreased  11.5%.  Service  revenues  increased  $5.5 million, or 8.7%, to $69.0
million in the first half of fiscal 2001 from $63.5 million in the first half of
fiscal  year  2000  for the reasons stated in the preceding paragraph. Excluding
acquisitions completed in fiscal years 2000 and 2001, service revenues increased
6.7%.

GROSS  MARGINS.  Gross margin decreased to 12.2% in the second quarter of fiscal
2001  as  compared to 13.4% in the second quarter of fiscal 2000.  This decrease
in  gross  margin  resulted  primarily from a decrease in service gross margins.
Service  gross  margin  decreased  to  38.6% of total gross margin in the second
quarter  of  fiscal  2001  from 50.7% in the second quarter of fiscal 2000. This
decrease in gross margin is the result of under-utilization of service personnel
as a result of lower than expected service billable hours from our technical and
systems  engineer  personnel  and an increase in lower margin service offerings.
Factors  that  may  have  an  impact  on  gross margin in the future include the
further  decline  of  personnel  utilization rates, the mix of products sold and
services provided, a further decline of unit prices, the percentage of equipment
or  service  sales with lower-margin customers and the ratio of service revenues
to  total  net  sales  and  revenues.

Gross  margin decreased to 12.4% in the first half of fiscal 2001 as compared to
13.0% in the first half of fiscal 2000.  Service gross margin decreased to 37.1%
of  total  gross margin in the first half of fiscal 2001 from 48.1% in the first
half  of  fiscal  2000.  This  decrease  in  gross  margin  is  the  result  of
under-utilization  of  service  personnel  as  a  result  of lower than expected
service  billable hours from our technical and systems engineer personnel.  As a


                                  Page 11 of 16
<PAGE>
result  of  the  decline  in  personnel utilization, the Company has reduced its
technical  and  systems  engineer's  staff  and  continues  to  monitor  their
utilization.  Factors  that  may  have  an  impact on gross margin in the future
include  the further decline in personnel utilization rates, the mix of products
sold  and services provided, a further decline of unit prices, the percentage of
equipment  or service sales with lower-margin customers and the ratio of service
revenues  to  total  net  sales  and  revenues.

OPERATING  EXPENSES.  Selling,  general  and  administrative expenses (including
rent  expense)  expressed  as  a  percentage  of  total  net  sales and revenues
increased  to  7.4% in the second quarter of fiscal 2001 from 6.3% in the second
quarter  of  fiscal  2000.  The  increase  is primarily the result of lower than
expected  total  net  sales  and revenues and an increase in payroll and related
payroll  costs.  Total operating expenses expressed as a percentage of total net
sales  and  revenues increased to 8.6% in the second quarter of fiscal 2001 from
7.3%  in  the  second  quarter  of  fiscal 2000.  This increase is primarily the
result  of  the  increase  in payroll and related payroll costs, the increase in
amortization  expense  due  to  acquisitions  completed in fiscal 2001 and prior
years  and  lower  than  expected  total  net  sales  and  revenues.

Selling,  general and administrative expenses (including rent expense) expressed
as  a  percentage of total net sales and revenues increased to 7.7% in the first
half  of fiscal 2001 from 6.3% in the first half of fiscal 2000. The increase is
primarily  the result of lower than expected total net sales and revenues and an
increase in payroll and related payroll costs.   During the first half of fiscal
2001,  the  Company  reduced  its  selling  and administrative staff in order to
reduce  its  operating  expenses.  Total  operating  expenses  expressed  as  a
percentage  of  total net sales and revenues increased to 9.2% in the first half
of  fiscal 2001 from 7.3% in the first half of fiscal 2000 due to an increase in
payroll  and  related payroll costs, the increase in amortization expense due to
acquisitions completed in fiscal 2001 and prior years, lower than expected total
net  sales  and  revenues  and  the  litigation settlement expenses as described
below.

LITIGATION  SETTLEMENT. On April 13, 2001, the Company agreed to a settlement of
the  litigation  with FTA Enterprises, Inc. and expensed it in the first quarter
of  fiscal  2001.  The settlement of $1.0 million was paid in cash in the second
quarter  of  fiscal  2001.

INCOME  FROM  OPERATIONS.  Income  from  operations  decreased  $6.1 million, or
45.2%,  to  $7.4 million in the second quarter of fiscal 2001 from $13.5 million
in  the  second quarter of fiscal 2000. The Company's operating margin decreased
to  3.6%  in the second quarter of fiscal 2001 as compared to 6.1% in the second
quarter  of  fiscal 2000.  This decrease is due to the decrease in the Company's
gross  margin  and  an  increase  in  operating  expenses.

Income  from  operations  decreased $11.7 million, or 47.4%, to $13.0 million in
the  first  half  of fiscal 2001 from $24.7  million in the first half of fiscal
2000.  The  Company's  operating  margin  decreased to 3.2% in the first half of
fiscal 2001 as compared to 5.7% in the first half of fiscal 2000.  This decrease
is  due  to  the decrease in gross margin and an increase in operating expenses.

INTEREST  EXPENSE.  Interest  expense  decreased $0.4 million, or 44.4%, to $0.5
million  in  the  second  quarter of fiscal 2001 from $0.9 million in the second
quarter of fiscal 2000.  This decrease was due to reduced borrowings as a result
of  improved  cash  flow  management  and a reduced interest rate charged by the
Company's  lender.

Interest  expense decreased $0.4 million, or 22.2%, to $1.4 million in the first
half  of  fiscal  2001  from $1.8 million in the first half of fiscal 2000. This
decrease  was  due  to  reduced  borrowings  as  a  result of improved cash flow
management  and  a  reduced  interest  rate  charged  by  the  Company's lender.

INCOME  TAXES.  The Company's effective tax rate was 38.6% in the second quarter
of  fiscal  2001  compared  to 39.8% in the second quarter of fiscal 2000.   The
decrease  in  the  Company's effective tax rate results from lower overall state
income  tax  liability.

The  Company's  effective  tax  rate  was 39.0% in the first half of fiscal 2001
compared  to  39.6%  in  the  first  half  of fiscal 2000.   The decrease in the
Company's  effective  tax  rate  results  from  lower  overall  state income tax
liability.


                                  Page 12 of 16
<PAGE>
NET INCOME.  Net income decreased $3.4 million, or 44.7%, to $4.2 million in the
second  quarter of fiscal 2001 from $7.6 million in the second quarter of fiscal
2000  due  to  the  factors  described  above.

Net  income  decreased $6.7 million, or 48.2%, to $7.2 million in the first half
of  fiscal  2001  from $13.9 million in the first half of fiscal 2000 due to the
factors  described  above.

                         LIQUIDITY AND CAPITAL RESOURCES

Cash  provided  by  operating  activities was $48.5 million in the first half of
fiscal  2001. Cash used in investing activities was $5.9 million, which included
$2.5  million  for  capital  expenditures  and  $3.4  million  for  acquisitions
completed  in fiscal 2001 and prior years. Cash used in financing activities was
$40.9  million  which  included  $4.0  million of net payments on notes payable,
$37.4  million of net payments on bank notes payable, and offset by $0.5 million
from  the  exercise  of  stock  options  and  employee  stock  purchase  plan.

A  significant  part  of  the  Company's  inventory  is  financed  by floor plan
arrangements  with third parties. At July 5, 2001, these lines of credit totaled
$84.0  million, including $72.0 million with Deutsche Financial Services ("DFS")
and  $12.0 million with IBM Credit Corporation ("ICC"). Borrowings under the DFS
floor  plan arrangements are made on thirty-day notes.  Borrowings under the ICC
floor  plan  arrangements  are made on either thirty-day or sixty-day notes. All
such borrowings are secured by the related inventory. Financing on substantially
all  of  the  arrangements  is  interest free due to subsidies by manufacturers.
Overall,  the  average rate on these arrangements is less than 1.0%. The Company
classifies  amounts  outstanding  under  the floor plan arrangements as accounts
payable.

The  Company's  financing  of  receivables  is provided through a portion of its
credit  facility with DFS.  On June 28, 2001, the Company finalized a new $240.0
million  credit  facility  with DFS.     This new $240.0 million credit facility
has a three year term and supersedes the $140.0 million credit facility that was
in  effect  with  DFS  prior  to  the  closing of this transaction.   The $240.0
million  credit  facility includes $72.0 million for inventory financing, $144.0
million  for  working  capital,  and  a new cash-flow component in the form of a
$24.0  million term loan, which is not restricted to a borrowing base. Under the
new  agreement, the credit facility provides a credit line of $144.0 million for
accounts  receivable  financing.  The  accounts receivable portion of the credit
facility carries a variable interest rate based on the London InterBank Offering
Rate  ("LIBOR")  and a pricing grid. At July 5, 2001, the amount outstanding was
$18.1  million,  including  $7.6 million of overdrafts on the Company's books in
accounts  at a participant bank on the credit facility, which was at an interest
rate of 5.85%. The overdrafts were subsequently funded through the normal course
of  business.  The credit facility is collateralized by substantially all of the
assets  of  the  Company,  except  those assets that collateralize certain other
financing  arrangements.  Under the terms of the credit facility, the Company is
subject  to  various  financial  covenants.

The  funding of the Company's net investment in sales-type leases is provided by
various  financial  institutions  primarily on a nonrecourse basis. Increases in
leasing  operations  could  impact  one or more of total net sales and revenues,
gross  margin, operating income, net income, total debt and liquidity, depending
on  the  amount  of  leasing  activity  and  the  types of leasing transactions.

The  Company believes that the anticipated cash flow from operations and current
financing  arrangements  will  be  sufficient  to  satisfy the Company's capital
requirements  for the next twelve months. Historically, the Company has financed
acquisitions  using a combination of cash, earn outs, shares of its Common Stock
and  seller  financing. The Company anticipates that future acquisitions will be
financed  in  a  similar  manner.


                                  Page 13 of 16
<PAGE>
                        POMEROY COMPUTER RESOURCES, INC.

                           PART II - OTHER INFORMATION

Items 1 to 3   None

Item 4   Submission of Matters to a Vote of Security Holders


On June 13, 2001, the Company held its annual meeting of stockholders for the
following purposes:

               1.   To  elect  seven  directors,  and;

               2.   To  approve  an  increase  in the number of shares of Common
                    Stock  reserved  for  issuance  under  the  Company's  1998
                    Employee Stock Purchase Plan from 100,000 shares to 200,000,
                    and;

               3.   To  approve  an  increase  in the number of shares of Common
                    Stock  reserved  for  issuance  under  the  Company's  1992
                    Non-Qualified and Incentive Stock Option Plan from 3,500,000
                    shares  to  5,300,000  shares,  and;

     The voting on the above matters by the stockholders was as follows:

     Matter
     ------


     Election of Directors:                      For      Withheld
     ---------------------------------------  ----------  ---------

     David B. Pomeroy, II                     10,179,040  1,743,559
     James H. Smith III                       11,302,770    610,829
     Michael E. Rohrkemper                    11,326,370    587,229
     Stephen E. Pomeroy                       10,353,882  1,559,717
     William H. Lomicka                       11,327,830    585,769
     Vincent D. Rinaldi                       11,323,377    590,222
     Kenneth R. Waters                        11,304,830    608,769


     Approve an increase in the number of      9,307,329    229,020
     shares of Common Stock reserved for
     issuance under the 1998  Employee Stock
     Purchase Plan from 100,000 to 200,000
     shares


                                  Page 14 of 16
<PAGE>
Holders  of  48,715  shares abstained from voting on the forgoing proposal.  The
number  of shares voted in favor of the proposal was sufficient for its passage.

     Approve an increase in the number of      5,934,701  3,632,093
     Shares  of  common  stock  reserved  for
     issuance  under  the  Company's  1992
     Non-Qualified  and  Incentive  Stock  Option
     Plan  from  3,500,000  to  5,300,000  shares.

Holders  of  18,270 shares abstained from voting and there were 2,328,535 shares
of  Broker  Non-Votes  on  the forgoing proposal.  The Number of shares voted in
favor  of  the  proposal  was  sufficient  for  its  passage.

Item 5 Other Information

On  July  31, 2001, the Company announced the resignation of Dino Lucarelli, the
Company's  Chief Financial Officer ("CFO"), who remained employed by the Company
as  CFO  through  August  10,  2001.    Michael E. Rohrkemper, Vice President of
Finance  and  Administration  for  the Company, has been selected to succeed Mr.
Lucarelli  as  the  Company's  CFO.   Mr. Rohrkemper has served as a Director of
Pomeroy  since  July  1993.  He  was  most  recently  re-elected to the Board of
Directors  at  the Company's Annual Shareholders' meeting on June 13, 2001.  Mr.
Rohrkemper  is  a  certified public accountant and was formerly a partner in the
Cincinnati,  Ohio accounting firm of Rohrkemper & Ossege Ltd., from 1991 through
May  of  2001,  at which time he left his accounting practice to join Pomeroy as
its  Vice  President  of  Finance  and  Administration.

Item 6 Exhibits and Reports on Form 8-K

(a) Reports on Form 8-K     None
(b) Exhibits

10(i)           Material Agreements
       (mm)(1)  The Asset purchase agreement dated     E1 - E41
                February 9, 2001 by, between and
                among Pomeroy Computer
                Resources, Inc., Pomeroy Select
                Integration Solutions, Inc., Osage
                Systems Group, Inc, Osage Computer
                Group, Inc., Solsource Computers,
                Inc., H.V. Jones, Inc., Open System
                Technologies, Inc., Open Business
                Systems, Inc., and Osage Systems
                Group Minnesota, Inc.

       (mm)(2)  The First Amendment to Asset           E42 - E46
                purchase agreement dated February
                28, 2001 by, between and among
                Pomeroy Computer Resources, Inc.,
                Pomeroy Select Integration Solutions,
                Inc., Osage Systems Group, Inc,
                Osage Computer Group, Inc.,
                Solsource Computers, Inc., H.V.
                Jones, Inc., Open System
                Technologies, Inc., Open Business
                Systems, Inc., Osage Systems Group
                Minnesota, Inc., and Osage iXi, Inc.

       (mm)(3)  The Second Amendment to Asset          E47 - E54
                purchase agreement dated April 6,
                2001 by, between and among
                Pomeroy Computer Resources, Inc.,
                Pomeroy Select Integration Solutions,
                Inc., Osage Systems Group, Inc.,
                Osage Computer Group, Inc.,
                Solsource Computers, Inc., H.V.
                Jones, Inc., Open System
                Technologies, Inc., Open Business
                Systems, Inc., Osage Systems Group


                                  Page 15 of 16
<PAGE>
                Minnesota, Inc., and Osage iXi, Inc.

       (mm)(4)  The Credit Facilities Agreement dated  E55 - E195
                June 28, 2001 by, between, and
                among Deutsche Financial Services
                Corporation, Firstar Bank, National
                Association, Deutsche Financial
                Services Corporation and Firstar
                Bank, National Association, Other
                Lenders Listed on Exhibit 3 and
                Signature Pages Hereto as lenders,
                Pomeroy Computer Resources, Inc.,
                Pomeroy Select Integration Solutions,
                Inc., Pomeroy Select Advisory
                Services, Inc., Pomeroy Computer
                Resources Sales Company, Inc.,
                Pomeroy Computer Resources
                Holding Company, Inc., Pomeroy
                Computer Resources Operations,
                LLP, Technology Integration Financial
                Services, Inc., T.I.F.S. Advisory
                Services, Inc., TheLinc, LLC, and Val
                Tech Computer Systems, Inc. as
                borrowers.

   11           Computation of Earnings per Share


                                    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  thereunto  duly  authorized.

                                           POMEROY  COMPUTER RESOURCES,  INC.
                                           ----------------------------------
                                                     (Registrant)



Date:  August 17, 2001                     By:  /s/  Michael  E.  Rohrkemper

                                           -------------------------------------
                                           Michael  E.  Rohrkemper
                                           Chief  Financial  Officer  and
                                           Chief  Accounting  Officer


                                  Page 16 of 16
<PAGE>