Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 59.11

+1.2%

Nov 28 9:30 AM EST

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To: advinfo who wrote (241)	6/3/1997 10:15:00 PM
From: jeffbas	of 1422

I am not a shareholder, but have been watching this closely. I have a couple of comments, unbiased by ownership. -I find a 1-2 months delay in complete results astounding for a company this size, especially since this SEC issue has been around for quite a while already. It makes me wonder if the company was stonewalling the SEC and hoping the problem would go away. -Frankly, an extra $14 million to keep the chairman of the acquired company on board is very strange, relative to the purchase price and in absolute terms. (Old news I presume) -The revenue growth outlook seems cloudy. -I would suspect that this turn of events would be a turnoff to any institution who did not own it, but was thinking of buying. However, of such misfortunes are made opportunities to make real money in the stock market. I would appreciate any comment as to where this stock would be an irrestible buy, considering all these issues. (A long term chart might suggest $12-16 if people really walked away.) I feel sorry for all the folks who have been "bagged" so far. I have only narrowly escaped as I am a strong believer in following significant insider buying, which attracted me to this one.

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