Monday, December 20, 2004
JBL is one of the leading EMS supplier manufacturing products for variety of end markets. JBL commentary was fairly positive for consumer market indicating end-market demand was strong. Other sectors performed as expected but JBL is slightly more optimistic regarding the communications sector helped by stable end-market. JBL feels the environment has improved from 90 days ago, I believe we could see some year-end spending pick up in this sector as well. The only negative was that inventory turns declined mostly due to execution issues.