Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 213.73

-0.6%

3:59 PM EST

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To: Asymmetric who wrote (5918)	1/29/2002 9:19:38 PM
From: Asymmetric	Read Replies (1) of 6317

Rather Ironic, Isn't It? Most pundits were looking for tech stocks to crack and instead it was many of the old line multi-industrials that crashed. Tyco International down 20% to $33 and change, and down an amazing $16.7 Billion just today alone...and that's not including it's drop in price over the last several days. Cendant, Williams, etc all suffered fairly significant losses. Jabil held up very well today considering all the carnage in the stock market. Street.Com pointing out Janus fund can't seem to catch a break, and along with Alliance Capital owns/owned big, big positions in Enron, Tyco, Cendant, etc. Much of the selling came from these two. Fidelity also, and they were biggest holder of Tyco stock. Scary thing is they're all probably not thru yet either as they own many tens of millions of shares between them all and that's a big problem. Be careful out there. Good luck to all. Peter.

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