Did I reserve the right to revise and extend my prior comment? I would, except that I believe there is at least one lady present.
SCI Systems Confirms Conference Call Comments
HUNTSVILLE, Ala., Feb. 4 /PRNewswire/ -- During a conference call with securities analysts and institutional investors after the close of the stock market today, SCI Systems, Inc. (''SCI'') of Huntsville Alabama (NYSE: SCI - news) made the following comments.
While a number of new projects are proceeding, customer market share shifts are occurring and market conditions and pricing in several product areas appear to be degrading somewhat. The Company's current outlook is that March and June quarter revenue and earnings figures will not meet earlier expectations but, however, should meet or exceed year earlier results. A multiplant headcount reduction program is in progress in the interest of efficiency enhancement.
The information set forth herein is based on certain assumptions and expectations regarding future business activity. To the extent that this release includes forward-looking statements, such statements involve uncertainty and risk, and actual results could differ materially from those reflected in such forward-looking statements. Factors which could cause actual results to differ materially include component availability and pricing, management of growth, intense competition, plant startup and transition cost, customer and product concentration, and technological changes as well as other risks contained in the Company's filings with the Securities and Exchange Commission.
Headquartered in Huntsville, Alabama, SCI Systems, Inc. is a diversified electronics manufacturer whose products and systems are supplied to a variety of aerospace, commercial and industrial customers. It currently operates thirty-four facilities in fifteen
countries.
SOURCE: SCI Systems, Inc |
