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

To: Asymmetric who wrote (5860)	9/20/2001 11:53:03 AM
From: patroller	Read Replies (2) \| Respond to of 6317

Let me see if I can answer all the questions in general terms. I have always owned Jabil and flex but at time's either shorted other's to hedge or wrote calls. Either way like you all I have given up a lot of paper. I still believe that this industry is the best investment in the market today, tech in 50 years will be totally different than it is today, so will airplanes if that what they call them then.<ggg>. The ECM will have great power, because 4-5 companies will make everything for everybody. As for the market we will recover because life is at the standpoint of progress. Every error in general like war or the Asian crisis only turns people away from it, it forces us to stand on firmer ground. Today everyone is struggling with the urge for revenge because they don't know who or what the enemy is, we are realizing our best defense is to love our enemy's because if we do we will not have any. I'm not saying we should love terroism, but we can prevent it by being good to those that don't like us. I see sign's of that every where, unity instead of disunity. That is what I call progress. How low will jabil flex go, I can't say but not to zero. They are all sitting on lots of cash and they should if they find that their stocks are low enough , buy themselves back. That price would be the absolute bottom. Further we know that when the economy turns these companies are going to make a very strong run. Patroller

To: Asymmetric who wrote (5860)	9/20/2001 5:54:14 PM
From: Return to Sender	Read Replies (1) \| Respond to of 6317

Contract manufacturer Jabil Circuit (JBL: news, chart, profile) reported fourth-quarter earnings below expectations and warned that full-year results for the upcoming fiscal year will be smaller that current expectations. Ahead of the report, shares closed down 1 cent at $15 but then backpedaled to $13.45 after hours. Jabil reported fiscal fourth-quarter net income of $11.2 million, or 6 cents a share, compared with net income of $47.1 million, or 24 cents a share, during the same quarter last year. Revenue declined to $944 million compared with $1.1 billion during the same quarter last year. Excluding charges and one-time items, Jabil had pro forma net income of $26 million, or 13 cents a share, compared with $47.6 million, or 24 cents a share. Analysts surveyed by Thomson Financial/First Call expected earnings of 14 cents a share, on average. For the first quarter, Jabil said it expects revenue of $900 million to $950 million. For the new fiscal year, Jabil said it should earn 75 to 80 cents a share on revenue of $4.5 billion to $5 billion. Analysts, on average, currently expect full-year earnings per share of 88 cents. marketwatch.com I suspect we will see some additional downgrades. Still in a market full of technology stocks bleeding money I could be feeling a lot worse about the future than I do holding JBL. RtS