Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Nikita who wrote (19915)	12/15/1998 12:34:00 AM
From: Jenna	of 120523

Solectron Reports Record First Quarter FY99 Increases 71.1% MILPITAS, Calif., Dec 14 /PRNewswire/ -- Solectron Corporation (NYSE: SLR - news), a worldwide provider of customized electronics manufacturing solutions to original equipment manufacturers (OEMs), today announced record sales for the first quarter of fiscal 1999, ended November 27, 1998. Revenues increased 71.1% from the first quarter of fiscal 1998 to US$1.95 billion for fiscal 1999. Net income for the quarter was up 42.4% from the first quarter of fiscal 1998 to US$63.9 million for fiscal 1999. Diluted earnings per share for the first quarter were a record US$0.52 compared to US$0.38 for the first quarter of last year. Solectron's first quarter operating margin was 5.0% and its annualized return on equity was 20.8%

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