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No. of Recommendations: 2
but Mr. Market hates anything today dealing with computers...hell Mr. Market hates everything today. But here's some good news anyway to chase some blues away!

BUY
LARGE CAP
USD 41.06
Jabil Circuit(JBL)
Highlights from Technology Conference
Summary
Jabil Circuit hosted an upbeat presentation: Jabil reiterated its F01 revenue
expectation of $5.2B from $3.6B in F00 (roughly 45% growth y/y) driven
largely by organic growth. The company is forecasting F01 operating income of
$323M from $213M in F00 (52% y/y growth).
Inventory turns to double digits in 1-2 qtrs: Although certain components
remain on allocation, management indicated that the components shortage
environment has stabilized and expects the shortage to alleviate by 1H01.
Expected F01 end market breakdown: Comms 51% (from 44% in F00), PCs 17% (from
21%), Peripherals 18% (from 21%), Auto 5% (from 6%).
Strategy for growth to be primarily driven from business with existing
customers, capacity expansion (43% expansion plan expected to be completed by
Mar '01), and acquisitions.
Jabil is scheduled to report F1Q01 EPS on Tuesday, December 19. We reiterate
our $70 price target and Buy rating on shares of Jabil Circuit.

Why, oh why am I fully invested when these things happen??

Jaipur
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