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 (987)	12/17/1997 10:54:00 PM
From: patroller	Read Replies (1) of 2542

Here,s A little tid bit .patroller Electronics contract manufacturer (ECM) Jabil Circuit (Nasdaq:JBIL - news) followed up on Solectron's (NYSE:SLR - news) performance yesterday and topped it. Jabil gained $4 3/8 to $41 1/2 on reporting record Q1 EPS of $0.49, beating the mean analyst estimate of $0.48 a share. Revenues grew 5% sequentially and 57% year-over-year, while EPS grew 4.3% sequentially and 116% year-over-year. Company President Thomas Sanson reiterated guidance that Jabil sees compounded annual growth in EPS of 30%, or 7% sequentially, going forward. Sanson also said, "We think the fear in financial markets is overstated and is painting the electronics industry with too broad a brush," explaining that very little of the company's end-user demand comes from eastern Asia. That also could be said for many so-called "tech stocks," but the question is more one of supply than demand. As long as Jabil can keep ahead of the supply curve (producing at prices that meet the market with a minimum of invested capital), it will continue to keep its place as the Dell of the contract manufacturing sector. (For a spreadsheet on the electronics contract manufacturing

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