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

To: big guy who wrote (3792)	5/12/1998 7:02:00 AM
From: Dr. Doktor	Respond to of 6317

I've heard it from a reliable source that this HP acquisition will represent 30% of JBIL's total business. It's a big deal. Funny, I heard rumors of this deal, as well as Merrill Lynch coverage and move to NYSE for over a year now. JBIL sure has the ability to pull a rabbit out of their hat when the going gets tough, which is why I never thought it was a good short candidate. DOK

To: big guy who wrote (3792)	5/12/1998 7:54:00 AM
From: Rosemary	Read Replies (2) \| Respond to of 6317

Jacob, I don't think HP will lose over this deal. They won't have to pay 600 employees, with health benefits, and all the rest that goes with it. They are guaranteed products from the supplier, and their bottom line will look better. It should be a win/win for both companies. This is a definate win for JBL. This is such an undervalued stock. On CBS news: Jabil Circuit Inc. (JBL) may be on the move Tuesday after the company agreed to buy part of Hewlett-Packard Co.'s (HWP) LaserJet printer manufacturing unit. Jabil, which provides contract manufacturing services to original equipment manufacturers, will acquire HP's printed-circuit assembly operations in Boise, Idaho and Bergamo, Italy. In a press release the companies said Jabil will continue to provide circuit-board assemblies for the LaserJet printer division of HP. The purchase is Jabil's first major acquisition. Jabil shares closed up 13/16 at 43 1/2.