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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 ??

MArc

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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:
zdii.com

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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
 
ATTENTION CELESTICA FOLLOWERS!
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

Of DOW JONES NEWSWIRES

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: celestica.com

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.
canadianbusiness.com

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To: xtahce who wrote (428)6/1/2001 9:21:09 AM
From: Marc
   of 456
 
9:06a CLS • Alert -CSFB reiterates coverage of CLS at Strong Buy Briefing.com

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To: Marc who wrote (429)6/1/2001 12:30:40 PM
From: IceCube
   of 456
 
Consider this, Celestica just raised $700M through the sale of sub-ordinate stock. VALUED AT $58 U.S. !!
This happened at a time when CLS was trading considerably lower. Generally speaking, an investor would either halt the completion of this transaction or cancel it entirely. Furthermore, they have given an option to purchase additional shares at the same $58 level. Obviously the outlook still remains bullish. We're talking about institutional investors here.

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