Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 57.35

+0.8%

Nov 25 3:59 PM EST

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To: jeffbas who wrote (257)	6/7/1997 7:29:00 PM
From: kolo55	of 1422

No. It's unusual to release a "preliminary report" under the circumstances. The only number they know that won't change is the revenues, and this they reported. BTW, based on the $128.7M in revenues I expect they earned about 27 cents a share, excluding the expected restructuring charge of $5M due to the costs of closing the Ericsson deal,which will wipe out the earnings. Just wait until they report over $200M revenues in the current quarter sometime in late July. Then I expect no one will even remember this SEC stuff. The consensus estimate for earnings in the current year ending next March is $1.71 (which may I think may be low). So the stock is trading about 13-14 times forward earnings and growing earnings about 40% a year for the next several years. Paul

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