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Technology Stocks : HDCO - Why sudden dip?
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To: Creditman who wrote (523)11/19/1998 12:29:00 PM
From: kolo55  Read Replies (1) of 572
 
Bullish comments by Hadco's largest customer.

Solectron is Hadco's largest customer, about 18% of revenues I believe. Solectron told analysts that they expect to do $20B in revenues in their FY2001, up from about $8B in the trailing twelve months now.

I guess the market thinks if Solectron will increase revenues that much, they will be buying a lot of boards from Hadco. It wouldn't surprise me that some analysts have upgraded Hadco.

Also earnings are due out soon (tonight?).

Paul
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