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Technology Stocks : QUANTUM
QNTM 11.51+47.0%Nov 26 3:59 PM EST
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To: Sam who wrote (7531)3/17/1998 4:52:00 PM
From: Sam  Read Replies (2) of 9124
 
Jabil (QNTM is a one of their major customers) just reported great earnings, but in their outlook for the future, said that there will be a slowdown in the next two quarters. From their earnings report:

Jabil Outlook

Sansone indicated that the while the Company's results for the second quarter were excellent, the overall business outlook is not as robust as has been over the last few quarters. "We believe that fears of the Asian economic situation may be leading some of our customers to reduce inventory levels for the sub assemblies we provide them," said Sansone. The Company indicated that it is currently seeing some near term softness in production schedules for several major customers. "History would suggest that global electronics production schedules will rebound after our customers' competitive positions are reset and that contract manufacturers will resume growth patterns amplified by the trend to outsourcing and growth in electronic products," said Sansone.

For the balance of fiscal 1998, the Company anticipates that revenue will slow to near the level of the first fiscal quarter of the year, with a resumption of growth in the fall quarter. The Company expects lower operating income over the next two quarters resulting from lower demand for production and new product transitions for existing customers."
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