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EXHIBIT 99
This release contains certain forward-looking statements, which are subject to a
number of risks and uncertainties. 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 Form 10-K, filed 11712/99.
JABIL GLOBAL SERVICES TO ADD EUROPEAN
REPAIR AND LOGISTICS SERVICES OPERATION
St. Petersburg, FL--July 5, 2000-- Jabil Circuit, Inc. (NYSE: JBL) today
announced it will acquire Telenor Technology Services, a repair and logistics
services division of Telenor, a Norwegian provider of telecommunication, data
and media communication services.
This strategic acquisition, which is subject to regulatory approval, will allow
Jabil Global Services to offer circuit board repair and warranty services for
European customers from Dublin, Ireland. "This acquisition is a wonderful
opportunity for us to add the capability of specialized repair services," said
Allen Braswell, president of Jabil Global Services. Key customers of the
operation include Cisco Systems, Marconi Communications, Lucent Technologies and
Compaq Computer.
"This new European warranty, repair and logistics service is in high demand from
our global customers and it brings with it a great existing customer base," said
Mark Mondello, senior vice president of business development, Jabil Circuit,
Inc. Mondello added that this operation is a strategic component of Jabil's
global service offerings.
Jabil Global Services is a wholly-owned subsidiary of Jabil Circuit, Inc., an
electronic manufacturing services provider for 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 eight countries, serving markets in North and South America,
Europe and Asia.
Further information about Jabil can be found on the World Wide Web at
http://www.jabil.com.
For more information contact
Lisa Davis Allison, Marketing Communications Manager
Phone (727) 577-9749
Fax (727) 579-8529
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