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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Doktor who wrote (5705)	12/5/2000 12:05:09 AM
From: Asymmetric	Read Replies (1) \| Respond to of 6317

Doktor, I'm Not Worried About Jabil at This Price Jabil just presented last week at the Credit Suisse First Boston Technology Conference and reitered they expect revenue for 2001 to be $5.2 billion. That would constitute 45% year over year growth over year 2000 revenue of $3.6 billion. Jabil expects earnings around $323 million/2001, or 52% over $213/2000. They also report earnings on Dec 19. So at $34 or so, Jabil sells at forward PE of about 30, not bad for a company growing earnings at 50% and growing revenues at 45%. Anyway, I picked up 1000 shares today at 34 1/8, and on the day Gateway warned (or was it the day Cisco was rumored to be returning inventory to CEMs? - so many blowups, hard to remember!) I picked up Dec 25 call options at 5 1/4. Call options are already well in the money. I expect the Nasdaq to rally from it's deeply oversold condition and companies like Jabil and Flex should rebound anywhere from 20-30% IMHO. I also picked up 1500 sh of Flex at 27 3/8 today. I basically bet that today between the Supreme Court and the Fla Circuit Court ruling, we'd be very close to bringing the election ordeal to an end. Of course given market conditions, one is wise to take any profits when they present themselves. Good luck to us all. Peter.