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Sunday, 06/24/2012 4:48:50 AM

Sunday, June 24, 2012 4:48:50 AM

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$JBL
Apple prediction puts Jabil stock on the rise


http://www.bizjournals.com/tampabay/blog/morning-edition/2012/06/jabil-stock-on-the-rise.html?ana=yfcpc



Stocks for Jabil Circuit Inc. rose to their highest levels in eight months Wednesday due to speculation that the St. Petersburg-based electronics manufacturer will strengthen its relationship with Apple.

Stocks for Jabil finished the day trading at $20.75, having risen 6.8 percent during the day. Traders reportedly believe Jabil will make components for the next iPhone, Bloomberg reported.

The stock rise comes just one day after reporting a decreased income for the quarter ending May 31. The drop in income was the result of an uncertain market for solar power. Jabil is the second largest publicly traded company in the Bay area.



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Technology, St. Petersburg

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