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Technology Stocks : Jabil Circuit (JBL)
JBL 201.800.0%Nov 14 9:30 AM EST

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To: Tim McCormick who wrote (4771)12/16/1998 7:49:00 AM
From: Rob L.  Read Replies (1) of 6317
 
Tim, you ask good questions. What really stood out was the decrease in margins. Revenue growth was much stronger than expected and it was a record but that was probably due to the HP business and it appears the added revenue earned them less on an operating basis (as a % of revenue). AR increased slightly more than revenue, but I don't see debt increasing as you state. I think it was a good quarter for them, but whehter the stock price can run from here on the report is questionable, especially since it has already run over 40% in the past several weeks, probably in anticipation of this news. Place your bets!
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