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Technology Stocks : Celestica -- Ignore unavailable to you. Want to Upgrade?

To: Marc who wrote (219)	11/19/1999 10:51:00 AM
From: Marc	Read Replies (1) \| Respond to of 456

From a ML report H-P is one of the largest outsourcers of the production of electronic equipment and is a greater than 10% customer for Celestica, Jabil Circuit, SCI Systems and Solectron. H-P?s October Rebound As one of the largest outsourcers of electronic equipment to the EMS industry, business trends at Hewlett Packard often impact the EMS stocks. Celestica, Jabil Circuit, SCI Systems and Solectron combined have or are estimated to derive about $5 billion in F1999 revenue from Hewlett Packard. SCI Systems generated 37% ($2.48 billion) of its F1999 revenue from H-P, Jabil Circuit 25% ($500 million), Celestica 20% (i.e., first 9-months of 1999; $1.0 billion estimate for 1999) and Solectron 11% ($923 million). Although, H-P warned of lower than expected UNIX server sales about a month ago, the company saw UNIX orders grow by double digits in October. Although, NT server and other server lines were essentially flat. We believe Celestica, Solectron and SCI Systems are all involved in workstation and server programs with H-P.