Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 63.75

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3:59 PM EST

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To: kolo55 who wrote (984)	12/17/1998 11:42:00 PM
From: Paul Senior	of 1422

Hi Paul. I don't understand how these Swedish manufacturing plants could be anything other than high margin or high tech. That is, I don't understand how anyone could profitably manufacture anything competitively given such high tax rates and my assumption that Swedish manufacturing and ancillary support workers probably have decent salaries and maybe better benefits than even US workers. (Of course, it could be just my lack of understanding. An HBR article few years back on Swatch Watches showed how Swatch could do it... But I am suspicious with ECMs) Paul Senior

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