Jabil was founded in 1966 by William E. Morean and James Golden.

By running a higher percentage of sales through distribution, we gained better service to the end customer in terms of inventory availability at a moment's notice,” said Carla Mahrt, worldwide distribution manager at Tyco/AMP Raychem Circuit Protection division, Menlo Park, Calif. About 55% of the division's sales run through distribution, basically because our customers want the benefits. Distributors are better at logistics than we are and there's less demand on our customer service department.”

The net loss in the fourth quarter of 2001 under Generally Accepted Accounting Principles (GAAP) was $308 million or a net loss per share of $1.82. This compares with a net loss of $34.5 million in the third quarter of 2001 or a net loss per share of 20 cents.