JPM Co. (JPMX, formerly JPMC) Message Board

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Technology Stocks : JPM Co. (JPMX, formerly JPMC)

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To: Louis Cornell who wrote (116)	9/3/1997 9:00:00 PM
From: DD™	of 157

Taken from Motley Fool Evening News: "Computer and networking cable hardware manufacturer JPM CO. (Nasdaq: JPMX) (N) (S) was stripped $6 to $27 after announcing that it will miss quarterly EPS estimates of $0.30 because of a "continuation of seasonal slowness in July and early August." The company is basically a contract manufacturer of cable assemblies that connect to routers and fault-tolerant servers as well as flexible wire assemblies found inside such equipment. JPM may have hit a brief rough spot with its acquisition of Dendrite, a similar manufacturer of wire assemblies. Assuming that this doesn't affect 1998 EPS estimates, the stock has fallen into the sub-20 times forward estimate range today -- not extraordinarily cheap for a contract manufacturer, but below the average forward multiple in the group. However, the company has its work cut out for it in getting Dendrite's margins into shape and meeting a higher EPS goal with a secondary stock offering still in the works. "

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