Restructuring goes on but will soon reach it's end for this time

Restructuring charges from the beginning of the European EMS drop until now have reached $5.9 billion. The roundtable of The Wall Street Transcript’s Brian White of Kaufman Bros, estimates those charges to have reached $6-7 billion before the end of this restructuring round. When that occurs are hard to tell but Mr White believes it could take a couple of additional years. Shawn Severson of Raymond James & Associates gives his view of the opportunities for the European restructured EMS companies. “Clearly the untapped opportunities lie in segments such as industrial, medical and military, but it is a slow process. I think a couple of companies are ahead of others - particularly Jabil, again, has laid good groundwork for penetrating and developing these industries - but overall, it's going to take quite a while to have significant penetration”, he said in The Wall Street Transcript’s ELECTRONIC MANUFACTURING SERVICES issue.