Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 63.31

+2.9%

3:33 PM EST

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To: kolo55 who wrote (388)	10/24/1997 12:47:00 PM
From: 18acastra	Read Replies (1) of 1422

Stupid #@*%!!! in the market selling off FLEXF due to panic over Far-East currency devaluation. Morons don't realize this helps FLEXF. They invoice in US$ and pay labor costs in foreign currency. Foreign currency devaluation therfore lowers their cost. Their customers are US Multinationals (they are just manufacturing abroad because it is cheaper and most of the stuff comes back into the US), so their is no slowdown to their top-line. Great buying opportunity. My opinion.

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