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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector -- Ignore unavailable to you. Want to Upgrade?

To: kolo55 who wrote (972)	12/15/1997 9:28:00 PM
From: kolo55	Respond to of 2542

Solectron conference call. I just listened to the conference call playback (very long), and will summarize my notes on the Solectron thread. The conference call was very upbeat and incredible detail on the business fundamentals were released. The tone of the call is best captured in the response to a question from Alex Blanton of Ingalls and Snyder (buy side analyst) about the average ECM stock drop of 37% since the 1st of October; the Solectron spokewoman replied: "I don't think there is any rational reason for this." "Unwarranted concerns about a slowdown in business..." and "High level of churn when nothing has gone awry." Earlier in the call they predicted better margins and revenue growth sequentially in the next quarter (historically sometimes a weak quarter), and said they expect EPS growth and are comfortable with analyst average EPS estimate of 42 cents for the next quarter. Well one good report out... Solectron set the shorts up, tomorrow Jabil blows them out. Paul

To: kolo55 who wrote (972)	12/15/1997 11:27:00 PM
From: rich evans	Read Replies (1) \| Respond to of 2542

Well this is good news. One thing I havent mentioned is the CC call with CCIR where the CEO said that FLEX was becoming more important in the interconnect business and customers were asking them for a total solution and quote on both rigid and flex requirements hence their decision to buy a small quickturn facility. I know you own some SFLX but you might want to relook at AFLX also as it has come way down from 28 and is a pretty good buy and a good candidate IMO for merger etc with a better mix and diversity then SFLX. Anyone I bought back in today. I don't own jabil but have increased postion in FLEXF substantilly and it was interesting to see them cross today. But I am obviously rooting for another good report tomorrow. Thanks for info on SLR. Rich P.S. May be time to trade HDCO again. Have you seen 99 estimates?