Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 63.68

+5.4%

Jan 2 9:30 AM EST

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To: solderman.com who wrote (422)	12/4/1997 11:19:00 AM
From: 18acastra	of 1422

Snippet from June 30. 1997 10-Q indicating Ericcson guaranteed profit: "Gross profit margin in the three months ended June 30, 1997 was favorably affected by cash payments from a customer received under the Company's agreement with that customer as a result of production volumes for that customer that were lower than previously scheduled." In that quarter, Ericcson revenue was $15mm-$30mm below plan due to slippage on a new product introduction. You can see from the Q that Ericcson had to make up the difference with a cash payment. So you see it doesn't matter what happens with Ericcson because FLEXF is contractually protected. My opinion.

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