Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 215.14

-1.4%

3:59 PM EST

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To: Asymmetric who wrote (6001)	3/21/2002 1:15:29 PM
From: Return to Sender	Read Replies (1) of 6317

From Briefing.com yesterday: 20-Mar-02 15:00 -- 16:00 ET Jabil Circuit (JBL) 22.30 +1.54: Last night reported Q2 earnings of $0.08 per share, $0.01 better than consensus of $0.07; revs fell 31.5% y/y to $822.0 mln vs $810.8 mln consensus. In an intra-day note, JP Morgan maintains Buy rating; believes revs, gross margin and operating margin have all troughed; impressed with JBL's cost control, stable end-demand, new business wins, balance sheet progress, and cash flow. In a morning note, Robertson Stephens maintains Buy rating; states JBL remains a well run EMS provider capable of generating superior ROICs and with strong balance sheet. Needham & Co reiterates Buy rating; thinks JBL should show sequential quarterly gains in revs and EPS throughout current Y03 aided by restructuring savings and new contract wins, but lowers price target to $29 from $32 following current muted telecom recovery...JBL riding high (+7.42%) on good earnings and positive feedback from brokerages. Obviously the stock is now consolidating. By the way Needham Analyst Dan Scovel is currently considered the best of the semiconductor analysts according to Starmine: starmine.com First posted on the Wennerstrom Semiequipment thread by Gottfried. Would love to see more discussion over there on semiconductor stocks in general. All invited: Subject 37144 RtS

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