Electronic Contract Manufacture (ECM) Sector Message Board

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

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To: kolo55 who started this subject	8/7/2000 12:17:51 PM
From: Marsha Landau	of 2542

Aug 7, 2000 BofA lifts SANM, JBL, FLEX --11:46 am - By Tomi Kilgore. Analyst Paul Fox at Banc of America commented on electronics contract manufacturing services companies, speaking positively of Sanmina, Jabil Circuit and Flextronics International. For Sanmina, he raised his price target to $170 from $150, saying an increased product mix and accelerated communications outsourcing postions the company strongly. The stock is rallying 8 3/4 to 106 13/16. The stock reached a new 52-week high of 109 7/8 in intraday trading. Regarding Jabil, he lifted his target to $65 from $55 as the company adds new customers and diversifies away from Hewlett-Packard (HWP: news, msgs) laser jet revenue. The stock is getting a 6 7/16 lift to 52 3/4. For Flextronic, he said the company's announcement last week that it was building handsets for Siemen would allow the company to grow five-times faster than the handset industry. The stock is adding 2 5/8 to 74 1/16.

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