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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SMALL FRY who wrote (65676)	10/11/1999 9:23:00 PM
From: kendall harmon	Respond to of 120523

PLXS comments today by Needham <<AM Oct-11 99 Needham & Company, Inc. 1 page PLXS NOT AFFECTED BY ASCEND CUTBACK;REITERATE BUY Stock declined 11% on 10/8 due to Lucent/Ascend cutting back chip suppliers. * PLXS does not supply the TNT program at Ascend that prompted the cutback. * PLXS supplies the GX550/250 ATM switch programs that are not affected. * Demand is very strong for the core PLXS business led by Lucent and Siemens Medical with significant new customers to be announced when FQ4 earnings are reported on October 26. * We believe that PLXS will meet our EPS estimate for FQ4 of $0.40 on $131 MM in revenue. * Our target valuation is $45-50 based on EPS for calendar 2000 of $2.00.>>