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

To: patroller who wrote (5948)	2/12/2002 11:08:14 AM
From: Asymmetric	Read Replies (1) \| Respond to of 6317

Tom Weisel Upgrades Sector (and some other newsbytes) 07:12 ET Thomas Weisel upgrades JBL and SANM: Thomas Weisel upgrades the EMS sector to OVERWEIGHT from Mkt Weight, and upgrades JBL to STRONG BUY from Buy and SANM to BUY from Attractive. Firm sees increasing evidence of stability in demand and production levels; and due to a more stable economic environment and a drawdown of finished goods inventories, customer forecasts show bias toward modest increases for first time in more than a year. Further, ops/balance sheets are defensively positioned for growth, provide security in case of a slowdown, and cash to finance growth. Jabil Circuit (JBL / NYSE) - Weisel Partners Upgrading from Buy to Strong Buy; Cost cutting & new programs on track; Valuation compelling, in our view; $29 price target. Flextronics International (FLEX / Nasdaq) - Goldman Sachs Trimming estimates from company guidance of 15c to 13c. Markets will remain difficult during the March quarter. Entire group of major EMS companies lowered previously. Sanmina Corporation (SANM / Nasdaq) - Weisel Partners Upgrading from Attractive to Buy; Bottoming in PCBs, inventory reductions & restructuring efforts should lead to meaningful profit improvements, in our view; $20 price target. Warburg Dillon Read (Telecom) We now expect CapEx spending to be down about 30% again in 2002. We believe companies are looking to conserve capital in this environment, with weak data and voice revenues. (PS - followed yours and Tom's lead and added to position yesterday<ggg> - Peter)