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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector -- Ignore unavailable to you. Want to Upgrade?

To: jim heger who wrote (1616)	6/23/1998 1:04:00 PM
From: paul kneitz	Respond to of 2542

RCHY Warns Today Richey Electronics sees Q2 below forecast GARDEN GROVE, Calif., June 22 (Reuters) - Richey Electronics Inc. said Monday its second quarter earnings are likely to fall below analysts expectations due to weak markets for electronic components and the economic slowdown in Asia. In a statement, Richey said it expects second quarter operating earnings, before charges for cost cutting, to be 25 to 35 percent lower than first quarter's earnings of $0.21 per share on a diluted basis. Richey said it will take an estimated $1.0 million pretaxcharge in the second quarter for cost cutting measures. The measures, which include an unspecified amount of severance payments, are designed to reduce annual expenses by about $12 million, Richey said. ''With customer demand reduced and component supply plentiful, the distribution market place is currently plagued by inventory surpluses, decreased selling prices and pressures on gross margins,'' the company said. Richey is a distributor of electronics component products.

To: jim heger who wrote (1616)	7/16/1998 8:53:00 AM
From: jim heger	Respond to of 2542

ECM'ers may want to check out PLXS board to read Rich Evans excellent summary of PLXS conf. call. The replay is at 402-220-4009. PLXS beat the .31 street est. by .02 and presented a confident, no bull report of where they are and where they are going. A very satisfying account by a team of real pros. And it bodes well for the sector when a domestic can expand margins like PLXS has in this Asian spooked climate. Makes one wonder how high the numbers once they get up to utilization speed. jh