Electronic Contract Manufacture (ECM) Sector Message Board

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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector

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To: patroller who wrote (2179)	12/14/1999 4:56:00 PM
From: rich evans	Read Replies (1) of 2542

I think you are right. Time to go skiing . I did buy some calls to close some I sold in JBL by mistake. I remember SCI being asked about component problems and they indicated that they were not having problems but did see firming and rises in prices but they don't buy on spot market I presume. Anyway Bank of America agrees with you. >>RESEARCH ALERT- BofA sees no EMS component fears December 14, 1999 04:10 PM NEW YORK, Dec 14 (Reuters) - Banc of America Securities analyst Paul Fox on Tuesday reiterated his strong buy ratings on several computer contract manufacturers and said he saw no evidence a component shortage was hurting the companies' results. In a research note, Fox took issue with fears that have trimmed roughly 10 percent off stocks in the electronic manufacturing services (EMS) sector Tuesday. Fox said Flextronics International's FLEX "business is off the charts" and that it was seeing none of the component shortages that hurt rival Solectron Corp.'s SLR results for the quarter ended in November, sparking the stock sell-off. "(There is) higher management confidence than ever before," Fox said in a research note to clients. Shares of Flextronics closed off 7-3/8 at 85 Tuesday on the Nasdaq stock market. Of Celestica Inc. CLS , another contract manufacturer, the analyst said the company was seeing no component issues. Fox said he continued to forecast "significant upside" to revenue and earnings estimates. He has a target price of $130 on the stock, which closed at 81, down 9-9/16. Fox said Sanmina Corp. SANM , another maker of printed circuit boards and a contract electronics assembler, was seeing very robust business and that its management's confidence was the highest in four to five years. The stock was off 12-2/16 at 95-15/16 at the close of the Nasdaq stock market. He was also positive on SCI Systems Inc. SCI and Jabil Circuit Inc. JBL . ((-- Eric Auchard, New York newsdesk, 212-859-1840)) REUTERS Rich

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