Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 196.60

+2.1%

Nov 21 9:30 AM EST

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To: patroller who wrote (1992)	12/8/1997 3:37:00 AM
From: Asymmetric	Read Replies (1) of 6317

Summation From Semiconductor Business News - Dec 5,1997 techweb.cmp.com The pertinent excerpt: CEM stocks take a hit Taking one of the biggest shots on Wall Street recently was the electronic manufacturing services (EMS) industry. From Oct. 1 to Thanksgiving, as the Dow fell 3% and the Nasdaq 6%, EMS stocks fell a whopping 18%, says BT Alex Brown's Jim Savage. This fall "is unjustified by fundamentals," he claims in EBN. U.S.-based contract electronics manufacturers with big factories in Malaysia and Thailand (Jabil Circuits, SCI Systems, and Solectron) should experience a "moderate net benefit" from weakening local currency, he says. These firms "should see lower manufacturing costs as a result of currency devaluations." They could also gain market share from local CEMs since they're paid in U.S. dollars.

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