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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector
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To: MGV who wrote (2427)9/7/2000 12:07:55 PM
From: rich evans  Read Replies (2) of 2542
 
Here is a news release today which is quite bullish for the Sector.

Bear Stearns Analyst Expects Huge Growth in Electronics Manufacturing Sector


September 7, 2000 11:31 AM Eastern Time
NEW YORK, Sept. 7 /PRNewswire/ -- Bear Stearns analyst Thomas Hopkins told StockHouse.com in a featured interview that "investors should put significant parts of their portfolios into the contract manufacturing space." His favorites include Flextronics, Solectron, and SCI Systems, among others.
Hopkins said of Flextronics FLEX , "...We think there's another 40 to 50 percent upside before the end of the year." He added that the company was "growing at the fastest rate among the top five," in the electronic manufacturing sector.

Hopkins also favored industry leader Solectron SLR saying, "The call we're making is that earnings will be very good on Monday (September 11). We've gone from a period where people were somewhat disappointed to a period where people are going to be very, very pleasantly surprised." He added that Solectron could reach $70-$80 by the end of the year.

SCI Systems SCI was also on Hopkins' list. "That's another one we think you can buy today and make between 50 to 100 percent from here," he said adding. "It's still a very cheap stock relative to the group."

The entire StockHouse Featured Analyst Interview is available at www.stockhouse.com . Direct hyperlink: stockhouse.com .
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