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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn

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To: Jerry Olson who wrote (100)	5/14/2002 7:52:06 AM
From: Sharck	Read Replies (3) of 1854

EMS companies are technically over sold here. Called a bounce in CLS FLEX SANM 1, 2, 3 biggest players in the sector yesterday on a CLS upgrade. Margins razor thin but there are some positives that may suggest some money flows into the sector continue today. Second tier plays, PLXS and JBL on watch too. BBOX earnings worth watching as well. FLEX news hitting the wires could give a bit more push to the sector: Flextronics: positive comments by Pru on Casio deal (14.09) Prudential views yesterday's $1.5 bln, 3-year outsourcing deal between FLEX and Casio as strategically important, as it gives FLEX a relationship with a key Japanese OEM and an in-country facility to position itself for the large outsourcing opportunity in Japan; the deal, where FLEX will produce a wide range of consumer electronics for Casio, requires minimal capital investment and over 50% of revs are expected to be generated from existing FLEX facilities in Southern China.

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