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 (652)	4/23/1998 9:24:00 AM
From: 18acastra	Read Replies (1) of 1422

I expect them to come in-line with first call consensus of $.51. I believe they may start to show upside in the next quarter or two as some of their unprofitable facilities (mexico, 1 chinese facility) turn the corner. Although I think Flextronics at $51 is still cheap, over the last 2/3 days it has run up about $3. I get a little nervous that it is people playing it for the quarterly announcement, and that if they don't beat the Q, these guys may turn around and dump. If that is the case, then another good buying opportunity will be created in the mid/high $40's. At any rate, in these somewhat tumultuous times, for Flextronics to make earnings is even somewhat of an achievement relative to numerous other companies in the electronics industry that appear to be struggling. My opinion.

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