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To: Kelvin Taylor who wrote (48399)	6/2/2003 3:37:55 PM
From: Nemer	Read Replies (1) \| Respond to of 53068

KT ... put one up for SOX.x

To: Kelvin Taylor who wrote (48399)	6/3/2003 10:19:23 PM
From: DanZ	Respond to of 53068

Well $#&#, what a difference 30 minutes makes. FLEX didn't look that great today, and closed weak. I was feeling pretty good about my short until about 30 minutes into the after hours session when the stock jumped about 80 cents. It then traded heavy volume between 10.80 and 11.00, with the high at 11.09. The company had a conference call after the close, but it didn't start until well after the stock had already moved up. The only other news that I saw was from S&P (included below), but I find it hard to believe that caused such a large percentage move in the stock. So, anyway, I'm back to not feeling very good about my short position in this stock. If it went up only on S&P's comments, I don't think it will last. If something leaked before the conference call, then maybe it will stick. I didn't listen to the call but didn't gather that anything major came out of it from the FLEX thread on Yahoo. Any thoughts? S&P Equity Analyst Maintains Positive View of Electronics Manufacturing Sector PR NEWSWIRE - June 03, 2003 16:35 NEW YORK, Jun 3, 2003 /PRNewswire via COMTEX/ -- Standard & Poor's has maintained its positive view of the electronics manufacturing sector and reaffirmed its equity STARS opinions on: Flextronics (Nasdaq: FLEX), at five-STARS "Buy" at $10.50 per share; Jabil Circuit (NYSE: JBL) at four-STARS "Accumulate " at $21.10 per share; and Sanmina-SCI (Nasdaq: SANM) at three-STARS "Hold" at $5.60 per share. A leading provider of independent research, indices and ratings, Standard & Poor's made this announcement through Standard & Poor's MarketScope, its real-time market intelligence service. "Today's briefing by industry analysis firm IDC laid out challenges and opportunities for the electronics manufacturing services group amid difficult end-markets," says Richard Stice, CFA, Electronic Contract Manufacturing & Commercial Services Equity Analyst, Standard & Poor's. "While continuing to focus on cutting production costs, the companies are emphasizing added service capabilities to win new business. We believe the growing popularity of the outsourcing model will benefit the group, and favor top-tier players, since we think they are better positioned to gain market share and withstand a slow economy. We recommend a "Buy" on Flextronics, an "Accumulate" on Jabil Circuit, and a "Hold" on Sanmina-SCI," concludes Stice. Standard & Poor's Stock Appreciation Ranking System (STARS), which was first introduced on December 31, 1986, reflects the opinions of Standard & Poor's equity analysts on the price appreciation potential of 1,200 U.S. stocks for the next 6-12 month period. Rankings range from five-STARS (strong buy) to one-STARS (sell). Standard & Poor's analytic services are performed as entirely separate activities in order to preserve the independence of each analytic process. In this regard, STARS, which are published by Standard & Poor's Equity Research Department, operates independently from, and has no access to information obtained by Standard & Poor's Credit Market Services, which may in the course of its operations obtain access to confidential information. Standard & Poor's has the largest U.S. equity coverage count among equity research firms that are not affiliated with a Wall Street investment bank, analyzing 1,200 U.S. stocks. Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is a leader in providing widely recognized financial data, analytical research and investment and credit opinions to the global capital markets. With 5,000 employees located in 19 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.standardandpoors.com. SOURCE Standard & Poor's