Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 57.56

-2.0%

3:59 PM EST

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To: kolo55 who wrote (328)	9/8/1997 12:27:00 PM
From: 18acastra	of 1422

Good news: Cisco seems to be coming along well with FLEXF!!! Conclusion: Seems like Cisco has made the strategic decision to use Flextronics as one of their key strategic suppliers as they consolidate their vendor base. Data: Going from 2 SMT lines in San Jose to 8, all dedicated to Cisco. Cisco making investment in Flextronics infrastructure (Oracle). Currently at $5mm/quarter in revenue (likely at that rate this Q). Should go to $20mm/quarter in revenue in December. Should see nice pickup in revenue in December Q. While this Q seems to be coming along okay, Cisco will really kick in in December, Ericcson should also re-accelerate and may be another $20mm pick-up. Overall, things seem to be going very well. The strategic investments/capabalities Marks has put in place are paying off. FLEXF now has about 60% of the forward P/E of Jabil, so cheap on a relative basis (P/E, PSR), and absolute basis at 17x forward P/E and 30%+ sustainable growth rate.

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