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

To: patroller who wrote (4843)	1/22/1999 7:31:00 PM
From: Yankee Trader	Read Replies (1) \| Respond to of 6317

Are these additional shares in addition to the additional shares we just voted on (60,000,000 shares)? The 60million new shares are to be discussed at the share holders meeting on 1/28/99. I am confused. Can anyone shed some light? Thanks, YT

To: patroller who wrote (4843)	1/22/1999 7:42:00 PM
From: kolo55	Read Replies (1) \| Respond to of 6317

I agree in principle. But generally a large overhang of new shares will dampen the price until the secondary is completed. Of course, I thought the same thing when FLEX traded at 70 prior to their secondary. It eventually went at 72 1/2 (36 post split) and the stock soared to 46 over the next six weeks before pulling back the last couple of days. It must be more than coincidence that SLR, FLEX, and JBL, are all raising massive amounts of cash from equity and debt offerings recently. The higher stock prices could be part of the reason, but they are all sitting on piles of cash. I suspect that you are correct... that they need this money to fund OEM plant acquisitions etc. And the telecoms, Lucent, Nortel, Motorola, Ericsson, Nokia, etc are the leading suspects. These rumors have been around long enough, and the fact that they are raising cash, could indicate that we should hear announcements sometime in the next couple of months. Stay tuned. Paul.