Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rich evans who wrote (1782)	9/25/1998 12:14:00 PM
From: Douglas V. Fant	Respond to of 2542

rich, Actually nothing new on earnings estimates for DIIG. Here's a blurb from their July 22d release. In fact DIIG is approaching third quarter earnings release pretty soon ..... Ronald R. Budacz, chairman and chief executive officer, commented, "The second quarter came in about as expected, reflecting the softness in the electronics market, product changeovers at Dovatron, and delayed orders from several of Multek's customers. We expect only moderate improvement in the third quarter, but our outlook for the fourth quarter and next year remains strong. We believe we are close to announcing a sizable Dovatron box-build contract, and we have several significant 'linked marketing' projects that are in the initial stages at this point. In addition, Multek's acquisition of a printed circuit board operation in Austin, Texas, which was consummated in August of 1997, is beating our initial expectations." Budacz continued, "In light of our optimism, we are continuing to invest in projects and acquisitions that we believe will produce high returns for our shareholders. Those investments include our previously announced memorandum of understanding to purchase a printed circuit board facility from Hewlett Packard in Germany, which we expect to close by the end of October. We are also continuing to look aggressively for acquisition opportunities in China and to expand our presence in central Europe." Earnings Guidance: Thomas J. Smach, Dii's chief financial officer, provided the following earnings outlook: "Our guidance remains unchanged. We expect modest sequential improvement in the third quarter, and diluted earnings per share of about 45 to 50 cents in the fourth quarter. Diluted earnings per share should be around $2.00 in 1999." (from 7/22 Release).