Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Asymmetric who wrote (6277)	6/17/2004 12:19:55 PM
From: Asymmetric	Respond to of 6317

Jabil: More inventory insanity? By Herb Greenberg, CBS MarketWatch.com Last Update: 12:07 PM ET June 17, 2004 SAN DIEGO (CBS.MW) -- Thursday thwack: Inventory insanity: Seasonal? Not seasonal? Time will tell, but keeping with one of this column's long-term themes, inventory continues to build in tech-land. In its earnings warning Wednesday, according to JP Morgan analyst Chris Daney, Jabil Circuits (JBL: news, chart, profile) cited "inventory build by a broad base of customers in the IT supply chain, with customers having the ability to meet market demand with current inventory. While the magnitude is slightly negative for EMS companies, we believe it is more negative for suppliers further down the food chain more exposed to inventory builds, such as semiconductor companies. "This correlates with our concerns on increasing semiconductor inventory levels throughout the supply chain following our recent Asia visit. We believe this is yet another data point supporting our thesis of excess inventory in the channel resulting in risk" to chip stocks for the rest of this year and next year, as well. He adds, "We believe we have already seen evidence of the impact of the inventory build in companies such as Fairchild (FCS) and National (NSM), which appear to be experiencing order cancellations and push-outs. We believe the increased inventory throughout the supply chain is a result of past increases in lead times, expectations of future price increases, and the desire for buffer inventory before the seasonal pick up. "We continue to believe the semiconductor industry is on the verge of a cyclical downturn."

To: Asymmetric who wrote (6277)	6/17/2004 12:58:58 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 6317

Hi Peter, it was in your posting that you made.... "Shares of Jabil Circuit plummeted in trading Thursday after the company's fourth quarter outlook failed to impress investors. For its fiscal fourth quarter, Jabil expects earnings to come in between 25 cents and 27 cents a share and full year earnings at 80 cents to 82 cents. Analysts, according to Thomson First Call, had expected Jabil to report earnings of 28 cents a share in its fourth quarter and $1.03 for the full year." Something doesn't add up. Must be modern math! Best regards, Tom