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


To: ccryder who wrote (2465)1/14/1998 1:25:00 PM
From: Harley Morgan  Read Replies (2) | Respond to of 6317
 
The below estimate downgrades by First Albany for 3Com is probably the root of JBIL's weakness. These are 20% reductions. 3Com was having an analysts call today. Anyone know if product reductions are in JBIL's area?

Large volume on the open down and 25,000 shares at 34 1/4 (Bid) at 12:37. Another 25,000 shares at 34 3/8 (bid) at 1:13pm.

COMS: FIRST ALBANY CR decreased estimate for fiscal year
ending 05/98 from $1.13 to $0.91 on 01/13/98
COMS: FIRST ALBANY CR decreased estimate for fiscal year
ending 05/99 from $2.05 to $1.85 on 01/13/98
COMS: GERARD KLAUER decreased estimate for long term EPS
growth from 20.00% to 15.00% per year on 12/19/97
COMS: Major Broker decreased estimate for quarter ending 02/99
from $0.63 to $0.49 on 12/31/97
COMS: Major Broker decreased estimate for quarter ending 05/98
from $0.53 to $0.31 on 12/31/97
COMS: Major Broker decreased estimate for quarter ending 08/98
from $0.55 to $0.39 on 12/31/97
COMS: Major Broker decreased estimate for quarter ending 11/98
from $0.59 to $0.44 on 12/31/97



To: ccryder who wrote (2465)1/15/1998 5:10:00 PM
From: Fenton White  Read Replies (1) | Respond to of 6317
 
You are absolutely correct. The market is driven by misinformation. And the misinformation is usually easier to believe because it is targeted to people who do not have the access or time to realize what is happening.