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Technology Stocks : ADFLEX SOLUTIONS ( AFLX )

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To: PAR who wrote (49)6/3/1997 12:01:00 PM
From: kolo55   of 718
 
No, this is positive news for AFLX.

The fact that Don Fredricks left Flextronics, may be part of the reason that stock is down 3 points today. Fredricks was the main contact for analysts at that company. His arrival from the much larger company is a plus for Adflex; to get such an experienced finance person.

The drop in the price of AFLX is due to general downturn in the tech sector due to Seagate's warnings about decreased profits in the high end drive sector. Seagate is a customer of Adflex. Other players in this sector, like Smartflex, are also down today.

Paul
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