Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 54.50

-6.5%

Nov 20 3:59 PM EST

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To: patroller who wrote (713)	7/15/1998 7:29:00 PM
From: 18acastra	Read Replies (2) of 1422

Flex report sounded pretty darn good to me: 1) Announced two big new customers - Intel and Qualcomm 2) Reported $.54 EPS, $.01 ahead of consensus, but had $.03 of "unusual" foreign exchange loss and $.04 of goodwill ammoritization, so EPS adjusted could be as high as $.61. $.61*4 on a run-rate basis = $2.44 of existing EPS, so trading at only 18x EPS for a company that just grew EPS 46% from a year ago. If Solectron is a $50 stock, as far as I am concerned FLEXF should be at least $55-$60. Investor presentation on the Web at flextronics.com, then investor relations section, then earnings presentation flextronics.com My opinion.

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