Electronic Contract Manufacture (ECM) Sector Message Board

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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector

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To: jeffbas who wrote (915)	12/3/1997 11:16:00 AM
From: kolo55	Read Replies (1) of 2542

Curious dichotomy- distributors strong and ECM getting hammered. The sell-off today seemed to be started when Solectron had a delayed open and opened down 5 points. Street seems to be anticipating an announcement from Solectron. Given the date, December 3, and the earnings announcement next week, perhaps an earnings warning is coming. I'd be surprised; by what I've heard, Solectron is doing well. I'm looking for reasons why Solectron would see such a large order imbalance. The institutions own about 80% of Solectron stock, so if they all decide to dump, a sharp move like today is possible. Again, the market is looking at Solectron right now as a market bellweather. My timing on my last post certainly was lousy. Paul

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