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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector
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To: kolo55 who wrote (2274)3/8/2000 11:11:00 PM
From: puborectalis  Read Replies (1) of 2542
 
JBL flipped for SLR?.......Solectron Corp. (SLR: news, msgs) told investors the company will
report second-quarter earnings on March 13, after the market closes.

The consensus estimate on Wall Street is a profit of
38 cents a share, according to First Call. The
company earned 36 cents a share in the first
quarter of fiscal 2000 and 26 cents in the year-ago
second quarter.

Deutsche Banc Alex. Brown's analyst Michael
Carboy voiced some concern about the the
electronics manufacturing services company in
morning research notes Wednesday.

Carboy said he maintains a second-quarter
estimate of 38 cents a share but warned that his
revenue estimate of $3.02 billion might be too
bullish.

Carboy said a team of analysts from Deutsche
Banc paid a brief visit on SLR Penang Malaysia
operations and came away with a clear sense of a
healthy business for serving the PC and PC server
markets that was straining recent capacity
expansions. However, he said one site is not a clear
picture of how the contract manufacturer will
operate with 39 sites. "We believe SLR
management must better explain growth ambitions
and sources of growth in the second half of fiscal
2000," noted Carboy. Solectron is shooting for
$14 billion in revenue for all of fiscal 2000.

Shares closed down 2 7/16 to 63 15/16.
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