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

To: B Hewson who wrote (2352)	12/30/1997 7:43:00 AM
From: Dr. Doktor	Read Replies (2) \| Respond to of 6317

Barbara, JBIL is doing just fine. Earnings growth will be around 32-35% this year. They are suffering from their success of last years growth spurt which, by the way, could repeat at some time in the future. From my observations of the Michigan facility and in talking to my contacts, they have been busier than ever. Looked like they had 3rd. shift on Christmas night which would be new from previous years. I believe they had a few days down time over previous x-mas holidays. The c-call was about what I expected if somewhat conservative. I don't think we'll see blow-out quarters like last year in the near future unless Gateway contract expands unexpectedly or they gain another large customer. Sansone has said he will provide better guidance to analysts and thats what he has done. I think the damage we have seen in JBIL since the highs has been mainly technical, they were a bit steep at $72 and with the recent turmoil and poor visibility in techs, not many willing to pay very high multiples. Add exiting momentum investors and yearend tax loss selling and this has produced a great opportunity to get some shares cheap. I have been a shareholder since Jan 96 and still have some of my original shares bought at $5 1/2. I also trade both the stock and options short term. I have nothing against shorting the stock or buying puts but personally haven't because I have seen the way JBIL moves on no news when it's hot. More risk there than I would be comfortable with. I think in the short to intermediate term JBIL will climb back into the upper $40's to mid $50's in Jan but I think we may not have seen the worst of this Asian Flu. I have been raising cash since Oct. and will, for the most part, be sitting on the sidelines watching the parade till the clouds blow over. Good Luck. Regards, DOK