Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 59.98

+0.8%

Nov 14 9:30 AM EST

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To: John Morelli who wrote (351)	9/20/1997 2:26:00 AM
From: kolo55	of 1422

I don't know what caused the spike this afternoon. So I can't guess what it'll do next; at least on a short term basis. I would have guessed an analyst upgrade, but one moment there was no volume, and next someone was buying heavily. I suspect someone knows or found out something. There usually is news behind unusual activity like this. Maybe a contract win, maybe they have decided to cancel the secondary stock offering, who knows? I don't. But I'm not planning on selling for a long, long time. If I'm right about expanding revenues and margins next year, by the end of next year the market could value Flextronics at 25+ times forward earnings and the stock will be 90-100. Paul

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