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BUSINESS
June 20, 2001
* Jabil Circuit Inc., which builds electronic equipment for other companies, said fiscal third-quarter profit fell to $18.8 million, or 9 cents a share, from $38.2 million, or 21 cents, in the year-earlier quarter. Sales rose to $1.05 billion from $965.8 million. The company expects fiscal fourth-quarter profit of 13 cents to 15 cents a share on sales of $950 million to $1.06 billion. It was expected to earn 19 cents.
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BUSINESS
June 20, 2001
* Jabil Circuit Inc., which builds electronic equipment for other companies, said fiscal third-quarter profit fell to $18.8 million, or 9 cents a share, from $38.2 million, or 21 cents, in the year-earlier quarter. Sales rose to $1.05 billion from $965.8 million. The company expects fiscal fourth-quarter profit of 13 cents to 15 cents a share on sales of $950 million to $1.06 billion. It was expected to earn 19 cents.
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BUSINESS
September 10, 2002 | Bloomberg News
Quantum Corp., a Milpitas, Calif., maker of computer data-storage devices, will reduce its work force by 1,100, or 37%, as new Chief Executive Richard Belluzzo seeks to pare costs and return to profitability by March. About 80% of the workers cut will be hired by Jabil Circuit Inc., which is assuming some Quantum manufacturing. The job cuts and other costs to restructure will trim earnings by $100 million in the second and third quarters, Quantum said. Belluzzo, a former Microsoft Corp.
BUSINESS
September 11, 2003 | From Reuters
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