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Technology Stocks : Jabil Circuit (JBL)
JBL 253.49+2.7%3:59 PM EST

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To: John Morelli who wrote (4043)6/10/1998 9:28:00 PM
From: kolo55  Read Replies (1) of 6317
 
Jabil gets the higher priced Laserjet biz.

HP is sending the laserjet biz to Jabil, and SLR, SCI and FLEXF seems to be dividing up the lower priced inkjets business around the world for HP. I was surprised FLEXF got this business; up to now FLEXF didn't have much HP biz, and only 8% of revenues in the PC sector. Good news for FLEXF, but the laserjet biz was great news for Jabil. I think this business will generate significantly more than the $500-600M Jabil has been mentioning. The HP laserjet business alone will drive a 50+% top line growth for Jabil in FY99 over FY98. Now waiting for Dell deal announcement.

Paul
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