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 (2408)	8/10/2000 7:53:33 PM
From: G.M. Flinn	Read Replies (1) of 2542

BofA price target of $95 on SCI looking strong, and still considerably undervalued vs. the CEM peer group. biz.yahoo.com Thursday August 10, 3:07 pm Eastern Time RESEARCH ALERT-Banc of America ups SCI Systems target NEW YORK, Aug 10 (Reuters) - Banc of America Securities analyst Paul Fox said on Thursday his firm raised its 12-month price target on electronic components maker SCI Systems Inc. (NYSE:SCI - news) to $95 per share from $80 per share. -- ``We estimate that SCI could be the optical leader among high volume printed circuit board assemblers in one year in terms of revenue.'' -- ``We estimate that optical programmes could approach 25 percent to 30 percent of its total revenue within one year.'' Shares were off 1-3/4 at 53 in Thursday afternoon trading on the New York Stock Exchange. The stock has traded between 19-1/2 and 58-3/8 in the past year.

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