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To: Mark Fowler who wrote (62726)	6/15/1999 8:11:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Does this make any sense to anyone?: "FOCUS-Jabil third quarter in line, but stock sinks By Nadja Rogoszynski NEW YORK, June 15 (Reuters) - Jabil Circuit Inc <JBL.N>, the No. 3 circuit-board manufacturer, reported third-quarter earnings that met Wall Street expectations, but the stock tumbled 20 percent after the company warned analysts to expect lower fourth-quarter financial results. Earlier on Tuesday, Jabil Circuit reported net income of $24.4 million for the third quarter ended in May, or 29 cents a diluted share, up from $17.3 million or 23 cents a share a year ago. Quarterly revenues totaled $523 million, up from $310 million the prior year, Jabil Circuit said. In a conference call with financial analysts, Jabil officials warned of a possible slump in fourth-quarter revenues and earnings of up to 10 percent, said analysts who listened to the call but asked not to be identified. One analyst said Jabil officials had warned the 10 percent reduction was a worst-case scenario. Wall Street had expected the maker of electronic parts to generate earnings of 33 cents per share for the fourth quarter ended in August, prior to the warning late Tuesday. The fourth-quarter shortfall could result from delays in designing new products for two key customers -- Nortel Networks Ltd.'s <NT.TO> Bay Networks unit and an unnamed notebook computer maker. This could delay Jabil from booking sales of the new systems into the upcoming year, the analyst said. Following the report, Jabil shares fell $11 to $43 in after-hours trade on the Instinet electronic trading system. The stock had closed at $54, up 44 cents during regular session trading on the New York Stock Exchange. Jabil Circuit makes circuit board assemblies for equipment manufacturers in the communications, personal computer, computer peripheral, automotive and consumer markets. Its biggest customers include Cisco Systems Inc. <CSCO.O>, 3Com Corp. <COMS.O> and Hewlett-Packard Co. <HWP.N>, according to Hoover's Company Profiles."