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

To: kolo55 who wrote (4046)	6/11/1998 8:26:00 AM
From: Rosemary	Respond to of 6317

Paul, I think the forward statements we'll be reading next week will do a lot more for us then the numbers. Though I don't think .45 cents is all that bad considering the price of the stock today. Those forward statements are everything in a report.

To: kolo55 who wrote (4046)	6/11/1998 9:43:00 AM
From: 18acastra	Read Replies (2) \| Respond to of 6317

Could care less about next 2 quarters at this price. If stock was $55, would think differently. However, at $35, implication is stock market believes disaster scenario. I believe anything short of a disaster gets reported, and stock goes up. The most important thing about earnings announcement is not guidance for next 1 or 2 q's, but it is outlook for next FY 99. I believe at a minimum the stock market gives Jabil an 18x forward P/E (although I believe should be a least 30x, in-line with growth rate). At $35 divided by 18 P/E indicates the market believes Jabil will earn only $1.94 next year, or virtually flat with this year. Basically, nobody believes the analyst estimates of $2.40 for next year as implied by current stock price. I happen to believe these numbers may prove very conservative. We'll see what company says when earnings are reported and how stock reacts. My opinion.