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TheCoveredCall.com: SLR's Q4 results could make or break EMS stocks
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Solectron (NYSE: SLR chart, msgs) reports after the market closes today. The Street expects SLR to report fiscal Q4
earnings of $0.26 vs. $0.17 last year. SLR is the largest Electronic Contract Manufacturer (ECM) in the Electronics
Manufacturing Sector (EMS).
SLR and Jabil Circuit-which reports its Q4 results on September 19, performance will set the tone for the entire EMS
stocks and possibly the tech-stocks in general until the next reporting season which starts in October. SLR growth is
based on the communication industry need for components and accounts for the majority of SLR's earnings. Any hiccup
or unfavorable numbers could send the entire EMS spiralling downward. Increased business from current clients, new
client additions and a positive outlook from SLR management could send the EMS stocks higher.
EMS Stocks to Watch:
ACT Manufacturing (NASDAQ: ACTM chart, msgs) is a provider of value-added electronics manufacturing services to
original equipment manufacturers (OEMs) in the networking and telecommunications, computer and industrial and
medical equipment markets. The Company provides OEMs with complex printed circuit board assembly, primarily
utilizing advanced surface mount technology; electro-mechanical sub-assembly; total system assembly and integration,
and mechanical and molded cable and harness assembly. The Company also offers value-added services, such as new
product introduction services, advanced manufacturing and test engineering, flexible materials management,
comprehensive test services, product diagnostics and repair, product configuration, packaging, order fulfillment, and
distribution services.
Benchmark Electronics (NYSE: BHE chart, msgs) is a provider of electronics manufacturing services (EMS) to original
equipment manufacturers (OEMs) in the telecommunication, enterprise computer and peripherals, high-end
video/audio/entertainment, industrial control, testing and instrumentation, computer and medical markets. The Company
has 14 facilities in eight countries. The Company offers OEMs a turnkey EMS solution, from initial product design to
volume production and direct order fulfillment. The Company provides advanced engineering services including product
design, printed circuit board (PCB) layout, quick-turn prototyping and test development.
Celestica (NYSE: CLS chart, msgs). is a provider of electronics manufacturing services (EMS) to original equipment
manufacturers worldwide. Celestica provides a wide variety of products and services to its customers, including the
manufacture, assembly and test of complex printed circuit assemblies and the full system assembly of final products,
primarily on a build-to-order basis. The Company's broad range of EMS services includes: design, component selection
and procurement, prototyping, product assurance, assembly, test, failure analysis, full supply chain management,
worldwide distribution and after-sales support. The Company complements its EMS services by providing memory and
power products to its customers. The Company operates 24 facilities located in the United States, Canada, Mexico, the
United Kingdom, Ireland, Thailand, China and Hong Kong.
Flextronics (NASDAQ: FLEX chart, msgs) provides advanced electronics manufacturing services to original equipment
manufacturers, or OEMs, primarily in the telecommunications, networking, consumer electronics and computer
industries. The Company provides customers with the opportunity to outsource on a global basis, a complete product
where the Company takes responsibility for engineering, supply chain management, assembly, integration, testand
logistics management. The Company provides complete product design services, including electrical and mechanical,
circuit and layout, radio frequency and test development engineering services. The Company's customers consist of a
select group of OEMs primarily in the telecommunications and networking, consumer electronics and computer
industries including Cisco, Ericsson, Hewlett-Packard, Lucent, Microsoft, Motorola, Nokia, Palm Computing and
Philips, among others.
Jabil Circuit (NYSE: JBL chart, msgs) is a worldwide independent provider of electronic manufacturing services (EMS).
The Company designs and manufactures electronic circuit board assemblies and systems for major original equipment
manufacturers in the communications, computer peripherals, personal computer, automotive and consumer products
industries. The Company offers complete turnkey EMS solutions that are responsive to customers' outsourcing needs.
Its work cell business units are capable of providing integrated design and engineering services, component selection,
sourcing and procurement, automated assembly, design and implementation of product testing, parallel global
production, systems assembly and direct order fulfillment services and repair and warranty services.
Plexus (NASDAQ: PLXS chart, msgs) provides product realization services to original equipment manufacturers
(OEMs) in the medical, computer (primarily mainframes, servers and peripherals), industrial, networking,
telecommunications and transportation electronics industries. Plexus offers product development and design, material
procurement and management, prototyping, manufacturing and assembly, and functional and in-circuit testing. The
Company provides these services primarily through its Plexus Technology Group, Inc., SeaMED Corporation, and
Plexus Electronic Assembly Corporation subsidiaries.
Sanmina (NASDAQ: SANM chart, msgs) is a provider of customized integrated electronic manufacturing services,
including turnkey electronic assembly and manufacturing management services, to original equipment manufacturers
(OEMs) in the electronics industry. Sanmina's electronics manufacturing services consist primarily of the manufacture
of complex printed circuit board assemblies using surface mount and pin-through hole interconnection technologies, the
manufacture of custom designed plane assemblies, fabrication of complex multi-layered printed circuit boards, electronic
enclosure systems and testing and assembly of completed systems. In addition to assembly, turnkey manufacturing
management also involves procurement and materials management, as well as consultation on printed circuit board
design and manufacturing. Sanmina, through its Sanmina Cable Systems, also manufactures custom cable and wire
harness assemblies for electronic industry OEMs.
SCI Systems (NYSE: SCI chart, msgs) is a diversified international electronics engineering and manufacturing services
provider. The Company designs, manufactures, distributes and services electronic products for virtually every
electronics market area. Markets served include the computer, peripheral product, telecommunications, data
communications, medical, industrial, consumer, aerospace, defense and entertainment industries, as well as the United
States Government. At the end of fiscal 1999, the Company operated 34 manufacturing plants in 16 countries.
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