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Non-Tech : Invest / LTD

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To: drsvelte who wrote (8974)	6/16/1999 8:11:00 AM
From: SJS	Read Replies (1) of 14427

Doc, Just found this, which confirms my suggestion that the only reason to buy other than a daytrade: Meanwhile, JBL saw earnings jump 26% to $0.29 (in line with estimates) on a 69% rise in revenues... However, company warned that Q4 revenues and earnings could fall short of current estimates by as much as 10% due to last minute design delays on products from two customers... Company went on to say that FY2000 revenues and earnings likely to exceed 30% growth currently forecasted. As noted in general commentary above, Jabil Circuits (JBL 54 +7/16) met expectations in posting Q3 gain of $0.29... However, stock getting pounded in overnight trading due to warning regarding Q4... JBL is down 10 1/2 points... Though rich valuations leave little room for disappointment, company's guidance for the long-term suggests that traders overreacting to temporary setback.

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