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

To: Jerome who wrote (445)	3/19/2002 1:01:19 PM
From: JakeStraw	Read Replies (1) \| Respond to of 493

RESEARCH ALERT-Robertson cuts Solectron to 'mkt perform' biz.yahoo.com NEW YORK, March 19 (Reuters) - Robertson Stephens on Tuesday said it cut its rating on Solectron Corp. (NYSE:SLR) to ''market perform'' from ``buy,'' citing the contract electronics manufacturer's weak communications with investors and slow progress in streamlining its operations. Robertson also lowered its price target range to $9 to $11 from $14 to $15, saying that while the company has made some progress following the downgrade of its debt to ``junk'' status by debt rating agencies, it had disappointed on several fronts. The brokerage said it was disappointed that Solectron did not allocate $1 billion in cash proceeds from a sale of convertible notes to improve its balance sheet. Robertson also said it did not expect much positive news in the company's second-quarter earnings results, which are due on Thursday