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Technology Stocks : Flextronics International (FLEX)
FLEX 62.84-3.3%Dec 17 3:59 PM EST

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To: Craig Markell who wrote (1327)1/26/2001 9:13:45 AM
From: Marantz  Read Replies (1) of 1422
 
Ericsson says it has signed a deal under which Singapore-based Flextronics International will take over its mobile phone production facilities in Brazil, Malaysia, Sweden, Britain and parts of a U.S. plant in Virginia.

``We are selling the manufacturing plants to Flextronics. Money is involved, but for now we have a memorandum of understanding and we have not finalised the price,'' said Nina Eldh, spokeswoman for the consumer products division.

biz.yahoo.com
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