Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 213.73

-0.6%

Nov 7 9:30 AM EST

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To: Johnny Canuck who wrote (5866)	9/21/2001 10:52:38 AM
From: Return to Sender	Read Replies (1) of 6317

Harry I am still listening but here are some conference call notes on JBL: Product Segment Results Communications: Up 4% Mostly due to the integration of Marconi Computers: Down 17% - Loss of lower end notebook business a factor here Peripherals: Down 40% - Soft end market demand, plus inventory correction Consumer Products: Up 2% - Mostly Set-Top Boxes starting to ramp up Automotive: Down 7% - New model change overs the biggest factor The integration of Marconi has gone well. They are excited about the communications and optical business etc... once orders pick up. INTC is expected to be biggest customer in 2002. Expectations for Q 1 2002 Communications: Up 5 to 7% - Expected to be 60% of revenue from this segment Consumer Products: Up 40 to 50% - Set-Top Boxes higher margins - 12 to 14% Computers: Down 50% on loss of notebook assembles - 6 to 8% of mix Peripherals: Down 18% - Weak demand - 15 to 17% Automotive: Same: 5 to 6% of mix corporate-ir.net JBL upgraded by Morgan Stanley to Outperform from neutral: biz.yahoo.com From Briefing.com: 7:10AM Jabil Circuit (JBL) 15.00: Following last night's earnings report and reduced Q1 guidance, Merrill Lynch cuts FY02 cash EPS to $0.62 from $0.95 and revenue to $4.175 bln from $5.26 bln. I will try to get more. BTW I bought some RFMD at 19.90 for a trade. Thanks for the link! RtS

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