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: gs who wrote (2504)	1/17/1998 6:11:00 PM
From: gs	Respond to of 6317

Just receive JBIL's First Quarter Annual Report. Looks great. "Market Developments Recent fears about Asian financial turmoil and earnings pre-announcement comments from some of the Company's customers have led to the speculation on adverse impact to Jabil's future business. This speculation is not well grounded because Jabil does not produce the products significantly affected by these developments. The financial decline of Asian economies is of modest impact to Jabil. The company estimates that less than six percent of its revenue is ultimately consumed in Asian markets. The short-term effect of the Malaysian currency devaluation will be to reduce manufacturing cost from the Malaysian factory. This could have the effect of modestly increasing Malaysian income. Outlook. The results for the first quarter were excellent and show continuing delivery of targeted growth rates in operating income. The Company believes the fear in financial markets is overstated and is painting the electronics industry with tot broad brush. Jabil looks forward to continuing strength in the business for the balance of fiscal 1998. " Any comments?