| Author | Message | ||
     Jfh Moderator Username: Jfh Post Number: 897 Registered: 10-2003 |
Solectron (SLR : Solectron Corporation) SLR3.84, +0.47, +13.9%) rose 15% to $3.87 on heavy trading volume. The electronics contract manufacturer agreed to be acquired by rival Flextronics International for $3.6 billion. Flextronics fell almost 2% to $11.50. The combined company, which would make a number of electronics products for the computing, automotive and medical device industries, would have annual revenue of $30 billion | ||
| Jfh Moderator Username: Jfh Post Number: 885 Registered: 10-2003 |
• Coverage initiated on Solectron by Credit Suisse Briefing.com (Tue 6:53am) | ||
| Jfh Moderator Username: Jfh Post Number: 676 Registered: 10-2003 |
News & Analysis: Technology Solectron's Quarter Looks Brighter By Scott Moritz Senior Writer 11/10/2006 9:29 AM EST Click here for more stories by Scott Moritz Solectron (SLR - commentary - Cramer's Take) says it will hit or exceed earlier earnings guidance for the current quarter by deferring a Cisco (CSCO - commentary - Cramer's Take) imposed cost-cutting squeeze. The Milpitas, Calif. contract manufacturer said it delayed a new "supply chain" program with Cisco, one of its largest customers. The production adjustment will take effect in the "coming quarters," and as a result the company says it going to meet or possibly beat its prior guidance. The company's target was a nickel profit on sales of $2.7 billion for its fiscal first-quarter, which ends on Nov. 24. Those numbers are in line with analysts expectations, according to Reuters Research. Solectron shares rose 7 cents, or 2%, to $3.34 in pre-market trading Friday. | ||
| Jfh Moderator Username: Jfh Post Number: 519 Registered: 10-2003 |
• Solectron upgraded by Bear Stearns Briefing.com (Thu 7:39am) | ||
| Jfh Moderator Username: Jfh Post Number: 226 Registered: 10-2003 |
Thu 6:40am SLR Coverage initiated on Solectron by Citigroup - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 194 Registered: 10-2003 |
Tue 4:05pm SLR Solectron Announces New $250 Million Stock Repurchase Program - Business Wire | ||
| Jfh Moderator Username: Jfh Post Number: 99 Registered: 10-2003 |
Thu 8:21am SLR Solectron upgraded by KeyBanc Capital Mkts / McDonald - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 54 Registered: 10-2003 |
Solectron Announces $250 Million Stock Repurchase Program Wednesday July 27, 8:30 am ET MILPITAS, Calif.--(BUSINESS WIRE)--July 27, 2005--Solectron Corporation (NYSE:SLR - News), a leading provider of electronics manufacturing and integrated supply chain services, announced today that its Board of Directors has authorized a stock repurchase program pursuant to which up to $250 million of the company's outstanding common stock may be repurchased over the next 12 months through open market transactions. The timing and amount of repurchase transactions will depend on market conditions and corporate and regulatory considerations, and may be suspended or discontinued at any time. The repurchases will be made pursuant to a company 10(b)5-1 trading plan. "This action demonstrates our confidence in the fundamental strength of Solectron's business model and our commitment to enhancing shareholder value," said Mike Cannon, Solectron's president and chief executive officer. "Our improved operating performance and strong working capital metrics have provided us with sufficient resources to fund our growth initiatives, meet future debt obligations and repurchase our stock." As of the third quarter ended May 31, 2005, the company had approximately 972 million shares of common stock outstanding, and a cash balance of $1.6 billion. | ||
| Jfh Moderator Username: Jfh Post Number: 2 Registered: 10-2003 |
Tue 7:32am SLR Coverage initiated on Solectron by Prudential - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 206 Registered: 10-2003 |
Credit Suisse First Boston sees positives in the fiscal third-quarter report from Cisco Systems (nasdaq: CSCO - news - people ) that will benefit Solectron (nyse: SLR - news - people ), Celestica (nyse: CLS - news - people ) and Jabil Circuit (nyse: JBL - news - people ). CSFB said Cisco's router strength relative to switches is positive for Solectron, "which we believe has a disproportionate share of Cisco's new router lineup," although Celestica is a secondary beneficiary. Cisco's strong router orders also bode well for Solectron and Celestica, the research firm said. CSFB noted that Cisco's storage orders were up by the mid single-digits quarter over quarter--a positive for Jabil Circuit, "for whom we believe Cisco's storage switches comprise one fourth of Cisco revenue." Overall, strong inventory management "is a positive for all suppliers, reflecting EMS (electronics manufacturing services) sell-in matching OEM sell-through," CSFB said. | ||
| Jfh Moderator Username: Jfh Post Number: 162 Registered: 10-2003 |
Solectron Corp. (NYSE:SLR - News) announced a restructuring that will result in charges of $100 million to $115 million and 3,500 job cuts, mainly outside the U.S. The company said it aims to consolidate its facilities in Europe and North America | ||
| Jfh Moderator Username: Jfh Post Number: 97 Registered: 10-2003 |
NEW YORK, March 29 (Reuters) - Solectron Corp. (SLR.N: Quote, Profile, Research) said on Tuesday its restatement of earnings for the past three years was expected to be immaterial to its financial statements. The contract electronics manufacturer said it estimates that the restatement will increase operating and other expenses by about $20 million over the three-year period, but decrease its tax expense by about $20 million. | ||
| Jfh Moderator Username: Jfh Post Number: 92 Registered: 10-2003 |
Mon 7:27am SLR Solectron downgraded by Bear Stearns - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 42 Registered: 10-2003 |
comments from Merrill Lynch: "The research firm said Solectron (nyse: SLR - news - people ) "continues to make progress improving efficiencies" at its operations in Guadalajara, where the company operates six facilities and employs 5,200 people. Solectron continues to produce wireline telecom equipment in Guadalajara for Nortel Networks (nyse: NT - news - people ), including supporting the company's Calgary facility. Solectron sales to Nortel will decline as the year progresses with Flextronics International (nasdaq: FLEX - news - people ) ramping up production for Nortel, but Solectron apparently will remain a Nortel supplier" | ||
| Jfh Moderator Username: Jfh Post Number: 1606 Registered: 10-2003 |
Wed 6:29am SLR Solectron downgraded by Robert W. Baird, Raymond James and KeyBanc Capital Mkts / McDonald - Briefing.com Here's why: "Contract electronics manufacturer Solectron (SLR) tumbled 7% in early dealings after sales and the forecast missed Wall Street estimates. It cited "greater than expected weakness in the consumer market for set-top boxes and 3-G wireless handsets, as well as in the semiconductor capital equipment sector of the industrial market." Networking sales also fell short. The company expects growth to resume sometime after the next quarter." | ||
| Jfh Moderator Username: Jfh Post Number: 1490 Registered: 10-2003 |
"Mon 6:22am SLR Solectron upgraded by Smith Barney Citigroup - Briefing.com " My SLR position is profitable again. It was worth waiting | ||
| Jfh Moderator Username: Jfh Post Number: 1486 Registered: 10-2003 |
bahamas: hope you kept your SLR positioon | ||
| Jfh Moderator Username: Jfh Post Number: 1476 Registered: 10-2003 |
Thu 7:21am SLR Coverage initiated on Solectron by Morgan Stanley - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 1408 Registered: 10-2003 |
Mon 4:46pm SLR Coverage initiated on Solectron by Banc of America Sec - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 1372 Registered: 10-2003 |
doubled my SLR position: 800 at 5.27 | ||
| Jfh Moderator Username: Jfh Post Number: 1332 Registered: 10-2003 |
Shares of Solectron (SLR:NYSE - commentary - research) traded actively after the company posted mixed fourth-quarter financial results and issued first-quarter guidance that could miss forecasts. Excluding items, the contract electronics manufacturer earned 4 cents a share, in line with expectations, on sales of $3.01 billion, which fell below expectations of $3.12 billion. Looking ahead, the company expects first-quarter earnings of 4 cents to 6 cents a share on sales of $2.9 billion to $3.1 billion. Analysts polled by Thomson First Call are expecting earnings of 6 cents a share on sales of $3.3 billion. Shares were trading up 6 cents to $5.06. | ||
| Jfh Moderator Username: Jfh Post Number: 1324 Registered: 10-2003 |
SLR reports, not bad: http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh03413_200 4-09-28_20-21-19_wen6022_newsml | ||
| Jfh Moderator Username: Jfh Post Number: 1174 Registered: 10-2003 |
Tue 9:00am SLR Solectron upgraded by KeyBanc Capital Mkts / McDonald - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 1087 Registered: 10-2003 |
SLR: turnaround in sight ? bullish comments from TheStreet.com: "Solectron (SLR:NYSE - commentary - research) is another turnaround position my firm has established in its portfolio. The current $5 price seems expensive for a fiscal 2005 consensus EPS estimate of 26 cents untaxed. Here the market is in a normal turnaround valuation mode. My firm's estimate of "normalized" fully taxed profits, assuming 15% revenue growth over the next 2 years, is 50 cents per share. That run rate could be hit in six quarters. A prominent Wall Street firm recently reiterated its $10 price target on the stock over the next year. It would not surprise me to see the stock go from the outhouse to the penthouse in that short time." | ||
| Jfh Moderator Username: Jfh Post Number: 982 Registered: 10-2003 |
S&P turns positive on SLR: http://biz.yahoo.com/rf/040622/tech_solectron_sandp_urgent_1.html  | ||
| Bahamasdreamin Registered Member Username: Bahamasdreamin Post Number: 258 Registered: 10-2003 |
Jfh, Indeed SLR's share price has heartened me somewhat but as you noted, we bought far too soon. Only need another 1.30 to get even though. I continued to hold through the ride down as I could find no seriously bad problem with the company. Just bought too soon. | ||
| Jfh Moderator Username: Jfh Post Number: 968 Registered: 10-2003 |
B/D will be glad on his hospital bed: SLR improving greatly as expected, will do even better, up smartly after hours (+4%): http://biz.yahoo.com/rc/040617/tech_solectron_earns_4.html | ||
| Jfh Moderator Username: Jfh Post Number: 961 Registered: 10-2003 |
SLR (in Forbes yesterday): "Solectron (nyse: SLR - news - people ) will report fiscal third-quarter earnings. Wall Street expects the provider of electronics manufacturing and integrated supply chain services to break even on a per-share basis, compared with a loss of 10 cents in the year-ago quarter. On June 16 Solectron said it reached a definitive agreement to sell its Force Computers embedded computing business to Motorola (nyse: MOT - news - people ) for an undisclosed figure. Motorola will integrate Force into its Motorola Computer Group, which provides embedded computing products and services to original equipment manufacturers. The transaction is expected to close in the third calendar quarter of 2004. Solectron shares ended at $5.09, down 4 cents." | ||
| Jfh Moderator Username: Jfh Post Number: 676 Registered: 10-2003 |
SLR I bought at ab. 7 so it's down ab. 30% from my purchase price, also my worst tech stock. I will eventuallly average down | ||
| Bahamasdreamin Registered Member Username: Bahamasdreamin Post Number: 196 Registered: 10-2003 |
In our FWIW dept, I've almost lost as much on SLR as I've made on the rest of my tech stocks over the last 3 months. This is great fun riding it down. Where's Jarawara to whip me into a frenzy while I'm excited? | ||
| Public_heel Moderator Username: Public_heel Post Number: 1807 Registered: 12-2003 |
JFH - SLR has not had ANY insider trading in over six months. The trading before that was inconclusive. | ||
| Jfh Moderator Username: Jfh Post Number: 644 Registered: 10-2003 |
From the yahoo msg board: "SLR showed definate signs of accumulation early April and at higher PPS.Institutional holdings still in the 80% + range.Stock is drifting lower to what level I don`t know.Been adding to my position since $5.50 and last at 5.40.Looking to add again at the lower $5`s.Volume on this slide is light and could be close to a pivot point to the upside.Needs a catlyst or news for the turn.Still worth holding at this level,cheap relative to risk/reward ratio for med. to long term oppurtunity." | ||
| Jfh Moderator Username: Jfh Post Number: 642 Registered: 10-2003 |
Dale: definitely yes. I also like the recent ELEVEN upgrades/positive initiations. P/H, what do you think of the insider activity ? | ||
| Drsyphr Registered Member Username: Drsyphr Post Number: 27 Registered: 11-2003 |
jfh, I've been in and out of SLR. Do you like the long term? | ||
| Jfh Registered Member Username: Jfh Post Number: 628 Registered: 10-2003 |
More about SLR (I own it) http://biz.yahoo.com/bw/040416/165602_1.html |
