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To: patron_anejo_por_favor who wrote (131411)	10/26/2001 5:52:50 PM
From: reaper	Read Replies (1) \| Respond to of 436258

this is just absolutely PRICELESS: "Despite having to cut estimates, we believe that Flextronics' prescient management team has built the most competent business model in the [electronics manufacturing] industry," Whitmore wrote. PRESCIENT??!! and COMPETENT??!! well, lets see.... cash flows from operations in CY98, CY99 and CY00 +$160mm; <$34mm>; <$470mm> capex CY98, CY99 and CY00 $572mm; $879mm; $1,117mm OK, so by Whitmore's definition PRECIENT means to squander over $2 billion of your shareholders' capital paying top dollar to build up capacity going into the greatest tech manufacturing bust of all time.... while COMPETENT means to all the while be unable to generate any cash from your operations. I'll buy that. Cheers