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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (51836)	9/10/2001 2:28:30 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Monday September 10, 2:19 pm Eastern Time Flextronics sees sales up in current, coming quarters SAN FRANCISCO, Sept 10 (Reuters) - Flextronics International Ltd. (NasdaqNM:FLEX - news) Chief Executive Michael Marks said on Monday he expects sales to reach record levels in the current fiscal second quarter, with sales also rising in the third quarter. ``We are extremely bullish about our business. We expect a record revenue quarter this quarter. We expect revenue up again next quarter. We expect next year to be a really big year,'' he told investors at a Banc of America Securities conference. ``This severe downturn, or recession or depression, from a technology standpoint is clearly driving more demand for outsourcing,'' he added. He said that end markets for the contract manufacturer, the demand from companies that sell the products it manufactures such as cell phones and video game machines, were seeing declines of between 40 percent to 60 percent. Flextronics shares were down almost 4 percent at $17.74 on the Nasdaq on Monday in afternoon trade.