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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

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To: Madharry who wrote (197)	4/29/1998 11:22:00 PM
From: kolo55	of 276

Almost all big ECM companies are expanding in Guadalajara. Solectron is building another 500,000 square feet to add to their brand new 500,000 square feet building there. Flextronics is building a 150,000 square feet to add to their 100,000 square feet, SCI and Jabil have brand new plants that they are expanding currently, and NatSteel has a large electromechanical assembly plant there. And DII Group has expanded capacity there and elsewhere in Mexico. All said, I think there has been an increase of about $500M in annual revenues added in the last 24 months. There are more companies expanding there, but this is discouraging enough. I'm surprised that Elamex couldn't get some contracts with all this growth. The management seems smart and no-nonsense, so I hope things work out for us. Paul

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