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To: Johnny Canuck who wrote (27957)9/6/2000 12:10:55 PM
From: Johnny Canuck  Respond to of 70147
 
biz.yahoo.com

"Wednesday September 6, 11:59 am Eastern Time
RESEARCH ALERT-Bear Stearns raises Flextronics
NEW YORK, Sept 6 (Reuters) - Bear Stearns said on Wednesday that it raised the 12-month price target on Flextronics International Ltd., a Singapore-based provider in electronics manufacturing services, to $121 from $100."

"Hopkins said earnings estimates on other contract manufacturers may be underestimated and will likely rise in September. Companies in this group include Solectron Corp. (NYSE:SLR ), Jabil Circuit Inc. (NYSE:JBL ), Celestica (NYSE:CLS ) and SCI Systems Inc. (NYSE:SCI ) "

Downgrade in MU due to weakness in DRAM prices should help conract manufacurers as it will improve margins.

biz.yahoo.com

"DRAM (dynamic random access memory) spot prices had fallen much earlier than expected as users start to sell off inventories.
expects weaker DRAM contract prices as of the second half of September."