From what I can find on the interwebz:
"At the time Fender used its overstocked American cut necks and bodies to construct the 'Squier Series.' Apparently, these parts were shipped down to Mexico where they were put together with the cheaper components. These guitars utilized cheaper electronics from the far eastern factories alongside pick-ups made in Mexico. The cost savings from the use of these cheaper components meant that from 1993 to 1998, the 'Squier Series' came into the marketplace as a slightly cheaper Fender standard. These 'Squier Series' guitars carry a couple of prominent features that easily allows them to be recognized, provided those features haven't been tampered with.
All these guitars have a Fender logo and branding on the headstock that is solid black (see the picture above) and on the ball of the headstock, where on a standard model it would say 'Original Contour Body', it instead says 'Squier Series'. Other Fender guitars of the time featured the gold and black logo. It's not known if all the 'Squier Series' guitars feature the logo on the ball of the headstock, but the solid black logo along with the other features should be a strong pointer."