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Technology Stocks : Jabil Circuit (JBL)
JBL 220.26-0.3%Nov 3 3:59 PM EST
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To: Clouseau who wrote (6237)9/26/2003 4:46:58 AM
From: Asymmetric  Read Replies (1) of 6317
 
Dave, Sorry about not answering your Jabil question on currency.
By the time I read it, Tom Veale and Seacruzer gave a
combined answer as good as any I could give. The only
caveat is that last quarter earnings for S&P weren't
really so good.

Some past articles by analysts and fund managers a heck of
a lot smarter than me have pointed out that much of the
beating of earnings by corporations last quarter were
acheived based on cost cutting and currency gains....
ie still very little in the way of growth. So while
currency values may not have much of an impact on Jabil,
they definitely exerted a positive influence for many
other US based multinationals.

Hope that helps.

Good luck to all.
Peter.

PS: Wow - a $1 billion dollar judgement against Flextronics.
Though judgement will probably be appealed and reduced,
Flextronics business practices got a black eye today.

Interesting article here:
reed-electronics.com
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