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

To: ccryder who wrote (3061)	3/15/1998 12:39:00 PM
From: EyeDrMike	Respond to of 6317

Hadco Corporation is a manufacturer of complex multilayer rigid printed circuits and backplane assemblies in North America. For the fiscal year ended 10/25/97, revenues increased 85% to $648.7 million. Net loss totalled $36.5 million vs. income of $32 million. Revenues benefitted from the acquisition of Zycon, and higher product volume and shipments. Loss reflects a $78 million write-off relating to acquired R and D in connection with the Zycon acquisition Hadco is North America's #1 maker of electronic interconnect products. It makes high-density double-sided and complex multilayer printed circuits and backplane assemblies. The company's products are used by computer, telecommunications, and industrial automation companies and for process control systems, automotive electronics, and electronic instrumentation. It also offers product development and contract manufacturing services. Hadco sells to OEMs such as Alcatel, Apple Computer, Compaq, Digital Equipment Corp., Kimball Electronics, and Sun Microsystems. Jabil Circuit, Inc. is an independent supplier of turnkey manufacturing services for circuit board assemblies, subsystems and systems to major original equipment manufacturers. For the three months ended 11/30/97, net revenues increased 57% to $319.5 million. Net income increased from $8.8 million to $19.1 million. Results benefitted from increased production of communications and computer peripheral products and increased production at the Company's foreign locations Jabil Circuit is the third-largest national manufacturer of circuit board systems, trailing Solectron and SCI Systems. The company's products are used in PCs, printers, network hardware, cellular phones, and cars. Jabil's major customers include Hewlett-Packard, 3Com, and Cisco Systems (more than half of its revenues come from telecommunications clients); such companies use contract manufacturers like Jabil to save money and improve production times. Jabil has manufacturing facilities in Malaysia, Mexico, the UK, and the US. CEO (and founder's son) William Morean and his family own 41% of the company. HDCO JBIL book value 18.33 5.42 cash per share 1.05 1.17 price/sales 0.80 1.57 shares outstanding 13.1 M 37 M float 10.6 m 21.5 m LT debt to total cap 31% 20% institutional ownership 69% 51.76% 50 day MA 46.00 42.00 200 day MA 56.00 46.00 HDCO: ______________________________________________________________________ Quarterly Results 4Q1997 3Q1997 2Q1997 1Q1997 ...................................................................... EPS 0.84 0.93 0.91 -6.64 Dividend Per Share n/a n/a n/a n/a ---------------------------------------------------------------------- Quarterly Results 4Q1996 3Q1996 2Q1996 1Q1996 ...................................................................... EPS 0.81 0.72 0.71 0.65 Dividend Per Share n/a n/a n/a n/a JBIL: Quarterly Results 1Q1998 4Q1997 3Q1997 2Q1997 ...................................................................... EPS 0.49 0.47 0.38 0.29 Dividend Per Share n/a n/a n/a n/a ---------------------------------------------------------------------- Quarterly Results 1Q1997 4Q1996 3Q1996 2Q1996 ...................................................................... EPS 0.24 0.17 0.17 0.17 Dividend Per Share n/a n/a n/a n/a FIRST CALL: HDCO: QTR QTR FY FY Apr 98 Jul 98 Oct 98 Oct 99 --- --- -- -- CURRENT MEAN EPS 0.90 0.88 3.65 4.90 Number of Brokers 4 4 5 5 Median 0.91 0.93 3.87 4.85 Standard Deviation 0.07 0.16 0.40 0.15 Current High 0.98 1.03 3.93 5.10 Current Low 0.79 0.62 2.87 4.71 Year Ago EPS 0.91A 0.93A 3.48A 3.65 Current vs. Year Ago Change -1% -5% 5% 34% Report Date wk/May 8 wk/Aug 11 wk/Nov 17 JBIL: QTR QTR FY FY Feb 98 May 98 Aug 98 Aug 99 --- --- -- -- CURRENT MEAN EPS 0.51 0.54 2.12 2.74 Number of Brokers 9 9 9 9 Median 0.51 0.54 2.12 2.74 Standard Deviation 0.00 0.01 0.04 0.15 Current High 0.51 0.56 2.18 3.05 Current Low 0.50 0.52 2.07 2.55 Year Ago EPS 0.29A 0.38A 1.37A 2.12 Current vs. Year Ago Change 76% 42% 55% 29% Report Date Mar 17 wk/Jun 17 wk/Oct 9 - HDCO: Ratios Relative To: Company Industry Sector WSJ/DJ P/E on 1998 Cal Yr Mean 12.8 19.74 17.80 21.07 PEG on 1998 Cal Yr Mean 0.64 1.47 1.41 1.70 RECOMMENDATION AND GROWTH RATES RECOMMENDATIONS LONG TERM GROWTH RATES Current Mean 1.8 Next 5 yrs - Median 20% Number of Brokers 6 Number of Brokers 1 Industry Recommendation: 2.1 Industry Growth Rate: 13% JBIL: Ratios Relative To: Company Industry Sector WSJ/DJ P/E on 1998 Cal Yr Mean 17.3 24.12 24.41 21.07 PEG on 1998 Cal Yr Mean 0.69 1.21 1.39 1.70 RECOMMENDATION AND GROWTH RATES RECOMMENDATIONS LONG TERM GROWTH RATES Current Mean 1.1 Next 5 yrs - Median 25% Number of Brokers 9 Number of Brokers 1 Industry Recommendation: 2.1 Industry Growth Rate: 20%