Electronic Contract Manufacture (ECM) Sector Message Board

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

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To: rich evans who wrote (2291)	3/14/2000 1:32:00 PM
From: Asymmetric	of 2542

Market Cheers Solectron Earnings Report (From Thomson I-watch) SLR -- Printed Circuit Brds -- Technology 14-Mar-00 11:28:40 The market is cheering Solectron's strong FY00 2Q earnings report, sending the stock up $4 to $44 on volume approaching 10 million shares. Institutional investors are the core players in today's action as evidenced by the strong block volume percentage of 68%. After the close on Monday, Solectron reported a second-quarter net of $0.19 per share, which was in-line with the Street's expectations. The firm also reiterated that it is on track to meet fiscal year revenue expectations and remained bullish on the near-term outlook for the company. The upbeat comments and solid earnings report sparked a positive reaction from the sell-side with several firms talking up the stock this morning. DLJ Research has been the most aggressive, naming Solectron its "Top Pick" earlier this morning. The strong report has helped SLR further distance itself from a rut in the low-$30's that it was stuck in for the past several weeks. Institutional investors are now confident that the firm's earnings are showing positive momentum, which has opened the door to a flood of funds from growth/aggressive growth managers. While these investors are leading the stock higher, I-Watch data also illustrates that some profit takers are selling into the rally which has kept the stock under $44 for much of the session. Keep an eye out for Super Message trends to offer further near-term guidance on SLR's trading patterns. Taking a look at the total trade data, buyers have claimed 3.2 million shares while sellers have booked 2.8 million shares in trades this morning.

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