To: Clint E. who wrote (16620 ) 6/17/1998 4:31:00 AM From: Johnny Canuck Read Replies (1) | Respond to of 69233
Clint, Does Motorola do any business with JBIL (now JBL)? MOT does very little outsourcing as far as I can remember. It looks like one of JBL's telecommunications customers saw significantly weaker demand for its products. QCOM is doing all of its assembly in-house as far as I know. Harry **************************************** Tuesday June 16, 8:19 pm Eastern Time Jabil Circuit sees flat revs, lower earns ST. PETERSBURG, Fla., June 16 (Reuters) - Jabil Circuit Inc. said Tuesday it expected flat revenues and lower operating income next quarter amid lower output and higher costs. The electronic manufacturer of circuit board assemblies said in a statement it foresaw revenues remaining flat for its fiscal fourth quarter, and operating income dropping during the same quarter and the first of the next fiscal year.Jabil, which reported higher earnings for the third quarter ended May 31, said near-term production schedules were soft due to ''significantly lower'' production levels for one communications product line. It also said it had to take one some costs to start up a new operation in California and acquire some assets from Hewlett-Packard Co. (HWP - news). On May 11, Jabil said it had agreed to buy the computer company's LaserJet Solutions Group Formatter Manufacturing Organization, which makes printed-circuit assemblies. It said it nevertheless expected ''significant'' growth in revenue in the fall quarter. Jabil reported a profit of $0.45 per diluted share on revenues of $309.6 million for the third quarter against $0.38 on $247.6 million. First Call's consensus among analysts had forecast $0.45 for the quarter. For the fourth and first quarters, it projects a profit of $0.45 and $0.49. The company makes assemblies for equipment manufacturers in the communications, personal computer, computer peripheral, automotive and consumer markets.