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

To: Charles J who wrote (3254)	3/17/1998 10:55:00 PM
From: jeffbas	Read Replies (2) \| Respond to of 6317

I disagree with you. They predicted a sales level and lower earnings. Did a conference call develop how much lower? They did not foresee this problem much more recently than 3 quarters ago. I give little credence to a forecast of recovery in the third quarter from now in this business. Lastly, forget comparisons with a year ago. It is sequential quarter performance (absent seasonality) that drives P/E's and stock prices, in my opinion. When the sequential performance flattens out on a high P/E stock watch the exits like a hawk! (Whenever I have failed to do that it has cost me very dearly.)