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After record year, Jabil's still got 'giddyap' left

Celebrating a record year of $16.5 billion in revenues, Jabil Circuit CEO Tim Main told a small group of shareholders at its annual meeting Thursday that the St. Petersburg company "smoked" the S&P 500 for total shareholder return.

Main's total compensation topped $10 million for the fiscal 2011 year, up from $9.8 million in 2010 and $4.5 million in 2009.

Jabil anticipates another record revenue year in 2012.

One shareholder who has invested in Jabil for 15 years stood and praised the company — now the world's third-largest electronics manufacturer — and said: "I hope the giddyap is still there."

The company's top customers include Research in Motion (maker of BlackBerry phones), Cisco and Apple. Jabil shares closed Thursday at $22.62, down 1.9 percent but still near a multiyear high.

After record year, Jabil's still got 'giddyap' left 01/26/12 [Last modified: Thursday, January 26, 2012 10:16pm]
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