Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 61.53

-3.3%

3:59 PM EST

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To: kolo55 who wrote (403)	11/12/1997 5:31:00 PM
From: 18acastra	Read Replies (1) of 1422

JBIL whacked due to 3-Com analyst downgrades. 3-Com is 20% of JBIL sales. People also concered about excess 3-Com modem inventory in channel, which would be a whammy for their CEM. However, a complete non-issue for FLEXF as no exposure to 3-Com except for the Pilot, which is doing very well. Believe ECM sector completely overcorrected. When these guys report next Q and everything is fine, sector will rebound sharply. In meantime, who knows what the jokers do who are pushing these stocks all over the place. However, long-term huge upside potential from current prices, negligible downside due to overreaction, all bad news baked in/overdone. My opinion.

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