Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 62.52

-2.3%

Oct 31 9:30 AM EST

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To: Daryl Gresham who started this subject	10/2/2003 11:35:13 AM
From: Mason Barge	Read Replies (1) of 1422

The impact of the $936M judgment against FLEX is $1 per share. The chances of this being reduced on appeal are extremely high. The trial judge will hear a post-judgment motion for reduction and good news could come in a few days. California law limits punitive damages to 4 times actual damages, and the jury awarded only $3 million in actual damages. However, it used potential consequential damages in calculating the punitive award. I'm not 100% sure if California law would allow this, but my short inquiry would indicate the award is not legitimate. So, I'm long short term hoping the $1 will price back into the stock at some point.

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