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Technology Stocks : Flextronics International (FLEX) -- Ignore unavailable to you. Want to Upgrade?

To: kolo55 who wrote (1185)	9/16/1999 2:13:00 PM
From: Robert G. Harrell	Read Replies (1) \| Respond to of 1422

Paul, Am I correct that this is approx. a 29% dilution? If so, the drop is not nearly as much as it could have been. A vote of confidence that the money will be well used? So far today I think the low is 57 1/2 which is below where I sold half my shares recently. Do you think it will go below this low? I'd like to buy back those shares I sold. Slightly OT: I may have asked this before but how do you differentiate your trading shares for the IRS? Are they in a separate account from your long term shares? Regards, Bob

To: kolo55 who wrote (1185)	9/16/1999 3:48:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 1422

Hi Paul. Nice to read you back here again. At a $7B dollar run rate in 24 months out, and with 54.4M shares outstanding and assuming a .7 price to sales ratio (which may or may not be conservative), stock looks like it could sell for $90. Price-to-sales ratio looks like it's been over 1 past couple of years on average (and is now about 1.6). If the p/s ratio were "only" 1.4 in 24 months, that'd mean FLEX would be going for $180/sh. Wow. I leave the more difficult profit margin and earnings and price-to-earnings estimates to you more knowledgeable guys. Paul.