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Technology Stocks : Flextronics International (FLEX)
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To: Finder who wrote (1230)1/20/2000 6:50:00 PM
From: kolo55  Read Replies (1) of 1422
 
Increased guidance for FY2001.

From the Conference call:
For the MarQ, Flextronics increased guidance by 25% for EPS to about 30 cents.

Flextronics increased the guidance for FY20001 to about one third more than the current consensus of $1.18. The new fiscal year will start April 1st. This would put next fiscal year EPS at about $1.57 (based on combined company FLEX + DIIG.

Analysts had been expected to raise the estimate by about 15 cents due to the accretive nature of the merger. Now it looks like they will have to raise another 24 cents. (I hope I understood this correctly... this is a big increase in EPS guidance.)

This guidance does not include major new contract wins or acquisitions not already announced.

Paul
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