Electronic Contract Manufacture (ECM) Sector Message Board

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

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To: kolo55 who wrote (972)	12/15/1997 9:28:00 PM
From: kolo55	of 2542

Solectron conference call. I just listened to the conference call playback (very long), and will summarize my notes on the Solectron thread. The conference call was very upbeat and incredible detail on the business fundamentals were released. The tone of the call is best captured in the response to a question from Alex Blanton of Ingalls and Snyder (buy side analyst) about the average ECM stock drop of 37% since the 1st of October; the Solectron spokewoman replied: "I don't think there is any rational reason for this." "Unwarranted concerns about a slowdown in business..." and "High level of churn when nothing has gone awry." Earlier in the call they predicted better margins and revenue growth sequentially in the next quarter (historically sometimes a weak quarter), and said they expect EPS growth and are comfortable with analyst average EPS estimate of 42 cents for the next quarter. Well one good report out... Solectron set the shorts up, tomorrow Jabil blows them out. Paul

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