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Technology Stocks : Jabil Circuit (JBL)

JBL 213.96

+1.4%

Nov 12 3:59 PM EST

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To: Jeff Haas who wrote (5210)	7/8/1999 10:17:00 PM
From: Asymmetric	Read Replies (1) of 6317

More Grist For the Mill, Jeff - thanks for the update. There is little substitute for first hand/eyewitness reports. Peter. Dow Jones Newswires -- July 6, 1999 DJ EFTC Corp To Sell Repair Svcs Ops To Jabil Circuit DENVER (Dow Jones)--EFTC Corp. (EFTC) signed a letter of intent to sell its repair/warranty service business to Jabil Circuit for about $30 million, including contingent earn-out payments. In a press release Tuesday, EFTC said it will continue to market to its customers' hub based repair solutions. EFTC decided to sell the business because the unit has a different set of customers than its core operations, which the company plans to develop. EFTC also expects the transaction to position the company better with a high-mix manufacturing customer base. The business operates repair/warranty facilities at overnight air hubs in Memphis and Louisville. The unit, which employs 500 workers, also has a bulk repair depot in Tampa. Jabil Circuit makes electronic circuit board assemblies. EFTC, an electronic manufacturing services company, has a work force of about 2,500 people. -Eamon Beltran; 201-938-5400

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