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

To: gs who wrote (3386)	3/23/1998 9:09:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 6317

Guess now we know one of the companies thats having inventory problems and why JBIL also got hit. MILPITAS, Calif., March 23 (Reuters) - Quantum Corp said Monday it expects earnings in the fourth quarter to be break-even or "slightly better." The company also said it expects fourth quarter revenues to be about 20 percent lower than in the third quarter, when it reported revenues of $1.52 billion. It said the decline is driven mainly by original equipment manufacturer (OEM) inventory corrections and continued aggressive pricing for desktop hard disk drives. QUANTUM TRADES AT 18 AFTER THE BELL, DOWN 2-1/2 Jabil Circuit JBIL.O lost 4-22/32 to 34-25/32 after the company said operating income over the next two quarters was likely to fall because of less demand and new product transitions for existing customers.