Jabil Circuits (JBL)

[OldAIMGuy]

From Yahoo:
http://biz.yahoo.com/bw/020226/260372_1.html

Digital Lightwave Signs Outsourcing Agreement With Jabil Circuit for Advanced Optical Manufacturing Services
Agreement with global leader in technology manufacturing focuses resources and provides a lower-cost solution

CLEARWATER, Fla.--(BUSINESS WIRE)--Feb. 26, 2002--

"Digital Lightwave®, Inc. (Nasdaq:DIGL - news), a leading provider of optical networking products and technology, today announced that it has entered into a manufacturing agreement with Jabil Circuit, Inc. (NYSE:JBL - news). Jabil Circuit is a leading provider of technology manufacturing services with a customer base of industry-leading companies. Under the terms of the agreement, Jabil Circuit will serve as Digital Lightwave's primary contract manufacturer for the company's circuit board and product assembly and will also provide engineering design services.

``This agreement with Jabil represents an important step in our strategy to reduce operating expenses and focus our resources on sales, product line enhancements and new market opportunities,'' said Dr. Bryan Zwan, chairman, president and chief executive officer of Digital Lightwave. ``Jabil's expertise in advanced optical manufacturing will enhance our ability to remain a leader, providing us with high-quality products and shorter lead times, while mitigating the risks of carrying inventory during economically driven shifts in customer demand.''

As announced on January 15, 2002, the successful migration of the company's current product line to its next-generation platform has enabled Digital Lightwave to begin outsourced production and manufacturing activities. The company expects to complete the transition during the first quarter of 2002.
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This is the kind of business Jabil does best. It usually means a long symbiosis where both parties benefit. DIGL's another stock I've been studying, but haven't yet made a purchase.

Best regards, Tom