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

To: Frank Drumond who wrote (1234)	1/21/2000 2:43:00 PM
From: Asymmetric	Read Replies (1) \| Respond to of 1422

From Thomson I-Watch 21-Jan-00 10:53:51 After Thursday's close, Flextronics announced FY00 3Q earnings of $0.30, beating the Street's estimate by $0.03. Analysts are calling the quarter a winner and have raised estimates for future earnings. Both CIBC World Markets and Deutsche Banc Alex Brown upgraded their ratings on FLEX to “Strong Buy” from “Buy.” Investors are likewise enthusiastic with the results, sending FLEX flying $7 to $53 3/4. The stock has backed off a bit after hitting an all-time high of $55. Flextronics' strong earnings has attracted short-term investors on the professional and retail side, which has contributed to the active volume. Over 4 million shares have crossed-- nearly double the average daily volume. FLEX's options are also very active (enter ticker and then click on options watch). As illustrated on Thomson's Options Watch the most-active option is the April $45 call. Over 330 contracts have traded compared to an open interest of 266, and the contract has jumped $4 7/8 to $12. The July $50 call has a volume and open interest of 179 contracts and has gained $4 3/8 to trade at $11 3/8. Just- under 24% of the total volume can be traced to block trades, suggesting a lack of institutional interest. The I-Watch pre- trade data is accordingly light, with a few brokers bidding for shares around $53 1/2. Much of the institution-related volume is related to market makers who stand to earn a tidy profit on today's wide price swings. Both the heightened interest from retail investors and today's options expiry have contributed to FLEX's volatility