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Technology Stocks : DII Group, Inc.

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To: rich evans who wrote (1519)	3/9/1998 7:56:00 PM
From: Jeff Haas	Read Replies (1) of 1845

Rich, some other comments I found on today's action. NEW YORK, March 9 (Reuters) - Selling jitters caused by recent bearish profit warnings by large technology companies cascaded onto smaller players in the sector on Monday as electronics stocks fell as a group, Wall Street analysts said. "I think it's just falling in sync" with the overall tech swoon, said Schroder & Co analyst Stephen Worobel of the group. "All the big ones are down." Merrill Lynch may have helped touch off the rout by downgrading its near-term rating on Solectron Corp SLR.N to accumulate from buy. Merrill left Solectron's long-term rating a buy, but the stock fell 2-5/8 to 41. The Merrill analyst could not be reached for comment. Also down sharply on Monday were Jabil Circuit Co JBIL.O, off 4-5/8 at 39-7/8; Sanmina Corp SANM.O, off 5-9/16 at 69-1/4; and Flextronics International Ltd FLEXF.O, off 2-3/4 at 41-7/8.The group fell in the wake of announcements by Intel Corp INTC.O, Motorola Corp MOT.N and Compaq Computer Corp CPQ.N that their first-quarter earnings would fall short of expectations. "It's probably just down in sympathy," another analyst said of the electronics group.

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