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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/9/2001 9:27:51 AM
From: besttrader   of 37746
 
Prudential on EMS Stocks : Prudential downgrades SCI Systems (SCI) and Plexus (PLXS) to HOLD from ACCUMULATE due to
view that upside will likely be limited by current valuations; maintains Strong Buys on JBL, FLEX, CLS. Firm continues to be positive on
long term prospects for the EMS industry given secular trend toward outsourcing, signs of stabilization inend demand for some product
categories, and outlook for improved inventory turns throughout the year; however, the strong run that firm's top tier EMS companies have
had since early April has significantly outpaced the improvement in fundamentals; as a result, expects some near term weakness for the
group.
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