Electronic Contract Manufacture (ECM) Sector Message Board

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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector

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To: rich evans who wrote (1998)	4/7/1999 10:22:00 AM
From: kolo55	Read Replies (1) of 2542

Looks like the 'cat is out of the bag' regards some new biz. Starting yesterday at just before two o'clock ET, volume and trading picked up in several ECM stocks. CLS and FLEX picked up volume and have been climbing, and DIIG dropped off starting at the same time. Initially SANM also sold off on a spike in volume as well. Looks to me like some news leaked out about new business contracts being let. My guess is Nortel may have finally decided on their EMS providers, and has added Celestica and Flextronics. And of course they released an announcement last fall selecting Jabil. This could mean that the contract that Nortel Networks was originally planning to send to Dovatron last summer is now officially 'lost'. This is just a WAG, especially since I am on the road and can't contact most of my sources to seek confirmation. Its based on the simultaneous divergence of the stocks supported by heavier volume. JBL, CLS, and FLEX all hit new all-time highs today, and DIIG sold off on increasing volume. JMO, Paul

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