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Technology Stocks : Solectron

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To: Charles Skeen who wrote (208)12/11/1997 8:40:00 PM
From: XPLAY  Read Replies (3) of 493
 
Merrill Lynch rates the stock a buy (dec 4 @ 34.5) and has a 12 month price obj of $50. Expects earnings to be 1.75to1.85 in 1998 (1.38 for 1997)

They say stock is down on concerns over exposure to the networking industry (32% sales) and teh workstation/server companies (21% sales).

They think (and I do too) that long term opportunities for solectron are abundant.

Wish this dern market would settle down. (Asian flu ?)

Good investing to all!

Tom
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