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Business Description
Jabil Circuit, Inc. (Jabil) is a worldwide independent provider of electronic manufacturing services. The Company designs and manufactures electronic circuit board assemblies and systems for major original equipment manufacturers (OEMs) in the communications, computer, peripherals, automotive and consumer products industries. The Company serves its OEM customers with dedicated work cell business units that combine high volume, highly automated continuous flow manufacturing with advanced electronic design and design for manufacturability technologies. The Company's customers include Cisco Systems, Inc., Dell Computer Corporation, Hewlett-Packard Company, Johnson Controls, Inc., Lucent Technologies and Marconi plc.

Financial Information
Jabil Circuit designs and manufactures electronic circuit board assemblies and systems for original equipment manufacturers in the communications, computer peripherals, personal computers, and consumer product industries. For the fiscal year ended 8/31/02, revenues fell 18% to $3.55 billion. Net income fell 71% to $34.7 million. Revenues reflect decreased production of computing and storage products. Net income also reflects an increase in restructuring charge.