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EXHIBIT 99
This release contains certain forward-looking statements, which are subject to
a number of risks and uncertainties. Some factors that could cause actual
results to differ materially include: business conditions and growth in the
contract manufacturing industry and the general economy; variability of
operating results; dependence on a limited number of customers; limited
availability of components; dependence on certain industries; variability of
customer requirements; and other risk factors described in the company's most
recently filed SEC documents such as the registration statement referenced
herein.
FOR IMMEDIATE RELEASE:
JABIL CIRCUIT, INC. ANNOUNCES PUBLIC STOCK OFFERING
JUNE 6, 2000 - ST. PETERSBURG, FL - Jabil Circuit, Inc. (NYSE: JBL) announced
today it has commenced a public offering of 13,000,000 shares of its Common
Stock pursuant to Jabil's currently effective shelf registration statement.
The shares were offered by Jabil at a public offering price of $41.75 per share
for total gross proceeds of $542,750,000. Thomas Weisel Partners LLC is the
underwriter of the offering. The net proceeds of the offering will be used by
Jabil for repayment of outstanding debt under Jabil's credit facility, for
capital expenditures and for general corporate purposes, including working
capital and possible acquisitions.
Jabil Circuit, Inc. is an electronic manufacturing services provider for
international electronics companies in the communications, personal computer,
peripheral, consumer and automotive markets. Jabil offers circuit design, board
design from schematic, mechanical and production design, prototype assembly,
volume board assembly and system assembly services from 12 locations in North
America, Latin America, Europe and Asia.
A prospectus related to the offering may be obtained from Thomas Weisel
Partners, One Montgomery Street, San Francisco, CA 94104.
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For more information contact
Pam Schultz
Phone (727) 803-3349
Fax (727) 579-8529
Email [email protected]
