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Technology Stocks : Solectron -- Ignore unavailable to you. Want to Upgrade?

To: Creditman who wrote (247)	6/15/1998 6:17:00 PM
From: kolo55	Read Replies (1) \| Respond to of 493

Looks like revenues up 7.7% sequentially. Revenues grew to $1278M from $1187M in the FebQ, for a nice sequential rise. Inventories are up from the beginning of the fiscal year about 35%, very close to the 36% rise in revenues so far this fiscal year. Receivables DSO seems about 40 days, which is reasonable. Encouraging words about more OEMs embracing the outsourcing model. They expect to capture a lot of this growth in demand for EMS. I don't see anything wrong with the report, except the profit margin seems to have slipped a bit, and this they already warned about. Not a great report, but no surprises, and indications the Asian impact is less than feared, due to the acclerating outsourcing trend. Paul