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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (52557)	6/3/2002 5:05:56 PM
From: Sully-	Read Replies (1) of 65232

'Been dazed & confused for so long it's not true............' 16:58 ET Flextronics warns for June and Sept. qtrs (FLEX) 12.32 -0.91: -- Update -- During mid-quarter update, says it expects EPS of $0.05-0.08, before charges, in fiscal Q1 (Jun) and revenue of $3.0 bln; Multex consensus estimates are $0.11 and $3.17 bln, respectively.... for fiscal Q2 (Sept), expects EPS of $0.07-0.10 and revenue of $3.2 bln; consensus estimates are $0.12 and $3.28 bln... notes it will be taking a $150 mln restructuring charge in June qtr... FLEX -0.72 at 11.60 16:40 ET Flextronics says end of downturn is near (FLEX) 12.32 -0.91: -- Update -- During mid-quarter update, says it is seeing clear signs in many parts of its business that end of downturn is near and it is planning for an upturn in those businesses by the end of the year... separately, says its data and telecom businesses have continued to weaken versus its expectations coming into June quarter, but notes end market demand has been more robust in computer and consumer businesses... FLEX -0.62 at 11.70

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