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   Technology StocksCelestica

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To: Ciao who wrote (416)5/15/2001 9:21:39 PM
From: xtahce
   of 456
Ciao: "The fact that CLS decided not to give guidance for the 2nd quarter is reason to believe that things will not be as good as the share price is leading us to believe. When CLS competitor's are crying the blues and CLS decides not to give guidance, that should be a red flag."

Who's trying to lead who to believe what Ciao? You seem to be leading us to believe that you've shorted Celestica and although there's absolutely nothing wrong with this form of trading, you shouldn't go around spinning false stories.

CLS gave guidance for Q2 during their Q1 earnings report and reiterated today:
(May 15, 2001) 11:55AM Celestica (CLS) 50.94 +0.60 (+1.2%): Contract manufacturer reiterating guidance at CIBC Electronics for Building Info Infrastructure Conference; maintains Q2 earnings view of $0.40-$0.42 (consensus $0.40) and revenue forecast of $2.6-$2.8 bln.(

Previous to the above reiteration:

April 19, 2001

...Earlier this year, it said new business would help operating earnings per share for this year jump at least 44% to $2.05 or more. It predicted then that 2001 revenue would reach between $12.5 billion and $13 billion from $9.8 billion last year.

Those forecasts could still be achievable, but the company felt it "prudent" to withdraw its outlook because of uncertainty surrounding its customers' sales, officials said.

Celestica Wednesday forecast second-quarter revenue of $2.6 billion to $2.8 billion and operating earnings per share of 40 cents to 42 cents....

Celestica results lift stock, other techs

Wednesday April 18, 4:48 pm Eastern Time
Figures in U.S. dollars unless noted

TORONTO, April 18 (Reuters)...Celestica, which said a diversified product mix helped it beat estimates, also gave a strong second-quarter forecast, but withdrew its 2001 estimates amid customer uncertainty.

...The company said that order cancellations plaguing its customers appeared to be stabilizing and its outlook remained cautious for the rest of 2001. Celestica maintained its 2003 target of $20 billion in revenues and operating margins above 5 percent.

That contrasts with rivals' warnings last month, when Solectron Corp. (NYSE:SLR - news) said it would miss its full-year sales target and Jabil Circuit Inc. (NYSE:JBL - news) cut its outlook for the next two quarters...

...The company said it expects revenues of $2.6 billion to $2.8 billion in the second quarter with earnings ranging between 40 cents and 42 cents per share. Analysts polled by First Call expected earnings of 39 cents per share...


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To: xtahce who wrote (419)5/15/2001 10:33:01 PM
From: Ciao
   of 456
My apologies, in my post I meant to say 2nd half. Thanks for the correction.

BTW, what do you think of their profit margins sitting at just over 2%?

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To: Ciao who wrote (420)5/16/2001 11:57:17 AM
From: Marc
   of 456
<<BTW, what do you think of their profit margins sitting at just over 2%? >>

1% increase would mean a 50% jump in profits, wouldn't that be great.<g>

What is 1% of 10 billions ??


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To: Marc who wrote (421)5/16/2001 2:34:26 PM
From: Clement
   of 456
SCI chief: Business has stabilized

Interesting and relevant:

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To: Clement who wrote (422)5/17/2001 9:48:14 AM
From: Marc
   of 456
Intel rolls out EMS program

Semiconductor Business News
(05/16/01, 08:10:04 PM EST)
SANTA CLARA, Calif. -- Intel Corp. here today announced a new program with leading contract electronic manufacturers (CEMs).

Intel's new Embedded Electronics Manufacturing Services Providers (EEMSP) program will focus on technical collaboration, reference design development and training for CEMs.

The EEMSP program will also enable Intel to deliver more parts to CEMs, analysts said.

The initial members of the program are Celestica Inc., Jabil Circuit Inc., SCI Systems Inc. and Solectron Corporation.

OEMs increasingly are outsourcing portions of design projects to CEMs in order to help reduce their product cycle times. The EEMSP program is geared to reduce these cycle times, according to Intel.

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To: Marc who wrote (423)5/21/2001 10:13:30 AM
From: Marc
   of 456
09:16 ET Positive EMS Comments : Dain Rauscher recommends overweighting sector, cites hints of order stabilization from OEMs and likelihood of reduced inventories in Q2. Separately, Bear Stearns' Ripple Effect says that SCI Systems (SCI) can be added to the list of EMS players for whom this quarter's EPS estimates have become more achievable. Others that Bear has previously cited as having achievable estimates are: FLEX, CLS, and JBL.

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To: Marc who wrote (424)5/30/2001 1:41:14 PM
From: IceCube
   of 456
I just got NR from my broker regarding Celestica. Apparently CLS has mentioned that there will be a revenue shortfall from a loss of business from Sun Micro. However, they also mentioned that it will be totally offset by the revenue increase from IBM. The net result being breakeven or better.

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To: IceCube who wrote (425)5/30/2001 1:55:37 PM
From: Marc
   of 456
Celestica Hit As Top 2 Customer Sun Micro Issues Warning
Updated: Wednesday, May 30, 2001 01:22 PM ET

By Paul Haavardsrud


TORONTO (Dow Jones)--Celestica Inc. (CLS, news, msgs) is among the hardest hit of the contract manufacturers, after Sun Microsystems Inc. (SUNW, news, msgs) announced a profit warning late Tuesday.

Celestica's two largest customers at the end of its first quarter were Sun and International Business Machines Corp. (IBM, news, msgs), each accounting for just under 20% of revenues, according to National Bank Financial analyst Benoit Chotard.

After market close Tuesday, Sun said it expects revenues in its fourth quarter ending June 30 to be between $3.8 billion and $4.0 billion, about 24% lower than the $5.02 billion recorded a year earlier and below the guidance given at the end of its third quarter.

Sun attributed part of the shortfall to weaker than expected sales for its mid-range computer servers.

"Clearly when you have that kind of percentage you do everything for that client, servers and the like, so I suspect it will have an impact on the top line of Celestica," Chotard said, noting that he is making a downward revision to his forecasts for Celestica. "33% of Celestica's business last quarter came from servers, so obviously a big portion of that was from Sun," he said.

In New York Wednesday, Celestica is down $4.91, or 9%, to $48.90 on about 4.6 million shares.

Company Web Site:

Part of the revenue shortfall expected for Celestica Inc. (CLS, news, msgs) after Sun Microsystems Inc.'s (SUNW, news, msgs) earnings warning could be offset by increased business with International Business Machines Corp. (IBM, news, msgs), said National Bank Financial analyst Benoit Chotard.

"That's the whole game plan," Chotard said. "They have a multitude of clients that hopefully offset one another."

While noting that worsening economic conditions in Europe, as well as the tough North American environment, makes it difficult for both Sun and IBM, Chotard said he expects IBM's business is holding up better than Sun's.

"IBM is selling to more Fortune 500 companies, which are continuing to spend," Chotard said.

In contrast, Sun's customer list has more exposure to the telecommunications industry, in particular competitive local exchange carriers, which is pulling back on spending, he said.

-Paul Haavardsrud, Dow Jones Newswires; 416-306-2032

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To: Marc who wrote (426)5/30/2001 10:30:13 PM
From: Ciao
   of 456
June 11th issue of Canadian Business features Celestica in the HIDE and SEEK coloumn by forensic accountant Al Rosen.

"So by looking at the cash flow statement, should an investor be concerned about Celestica's future? Yes. But that's only the tip of the iceberg......"

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To: Ciao who wrote (427)6/1/2001 2:28:31 AM
From: xtahce
   of 456
June 11th issue of Canadian Business features Celestica titled "Rising star" By Andrew Wahl

..."I expect this industry and Celestica to continue to grow over the next 10 years at a faster rate than the electronics industry as a whole," he says. "And the bigger we get, the more compelling the economics become." With talk like that—and a growing list of believers—Celestica's next milestone of US$20 billion by 2003 doesn't sound all that far-fetched.

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