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 (1679)	8/17/1998 11:25:00 AM
From: 18acastra	Read Replies (1) of 2542

Would agree except for Solectron. My confusion concerning Solectron on a relative basis to other ECM stocks remains remains high, especially vs. Flextronics. Solectron is virtually at a 52 week high, and this is after revising earnings estimates down 6 months ago. Its multiple therefore has actually expanded significantly in these turbulent times. Flextronics at $35 vs. Solectron at $50 is especially strange given Flexf earned last Q on a cash EPS basis what Solectron will do in its 3rd Q of FY 99 according to analysts estimates. I just don't get it. Solectron insiders continue to sell shares like crazy, including recently the CFO. Solectron would also seem to have some of same issues as SCI. My opinion.

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