Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 218.17

+4.3%

Nov 5 3:59 PM EST

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To: OldAIMGuy who wrote (6065)	8/29/2002 1:52:30 PM
From: Nevin S.	Read Replies (1) of 6317

Tom and Troy, I have owned JBL for several years and regarding your comment that they seem to be buying a lot of manufacturing assets, JBL's mgmt seems to me to be one of the more conservative EMS companies out there. In fact, several analysts in the past have questioned Sansone on conference calls about their apparent reluctance to buy assets compared to others in this space and his reply went something along the lines of wanting to produce the growth organically (in-house). I can see that if you're a leader in your field you would be very cautious about buying other's facilities. Presumably the reason OEMs are outsourcing production is that EMS companies can do it more efficiently. FWIW. From Briefing today... 13:00 -- 14:00 (Updated throughout the hour) Jabil Circuit (JBL) 18.35 +0.36: Co remains analysts's top pick in the EMS industry; stock has outperformed peers YTD and moves 2% higher on yesterday's manufacturing agreement with PHG: JBL will assume production responsibility for 70% of co' consumer electronics division (9 facilities) at a cost of about $230 mln. Investec upgrades JBL to STRONG BUY from Buy on their belief stock is under-valued: sees acquisition bolstering the co's engineering strength and considerably enhancing its low-cost capacity structure. CSFB preliminarily ests the contract to contribute $400-450 mln in revenues and $0.02-0.04 in EPS in FY03 and maintains their Buy rating and $25 price target.

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