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NEW YORK -(Dow Jones)- Jabil Circuit Inc. (JBL) President and Chief Executive Timothy Main reaffirmed Thursday that revenue in fiscal 2001 will grow 50%.

The revenue expectation of $5.5 billion in 2001 is 100% organic, Main said during a presentation at the Thomas Weisel Partners Electronic Supply Chain Conference here.

Of that estimated revenue, the chief executive said that 51% will come from the communications market. Main also said that Jabil expects to "put up strong operating income this year."

The St. Petersburg, Fla., circuit board assembler, which posted earnings of 24 cents per share on revenue of $1.1 billion in its August-ended quarter, will continue to pursue acquisitions selectively where they make sense, said Main.

He noted that the company's "expanding in every region and location that we do business in." Jabil added 43% of floor space year over year to support its business growth, he said.

-Donna Fuscaldo, Dow Jones Newswires; 201-938-5253

(This story was originally published by Dow Jones Newswires)

Still expecting 50% revenue growth. Who could ask for anything more??

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