EMS sector: Will also be following FLEX, JBL and SANM (SANM had a rather nice day yesterday with JBL, didn't watch FLEX but the upcoming earnings report and recent lowering of earnings expectations should put a damper over JBL) Still feel that JBL's rise was only a technical bounce (on credit) but they should be paying now for that luxury. see my last post on JBL
.... December 12: UBS put a "reduce" rating on Jabil Circuit Inc. (NYSE:JBL - News) and a target price of $16.50 based on expectations for fiscal 2003 earnings of 63 cents per share. It said that its current valuations are too high and it expects the shares to fall.
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