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

To: kolo55 who wrote (388)	10/21/1997 2:19:00 PM
From: 18acastra	Respond to of 1422

One important note about last Q earnings: sequential decline in SG&A The previous Q SG&A was very inflated by legal costs associated w/SEC Astron Issue as well as secondary offering expenses. The SG&A they reported in this Q reflects the real business SG&A. I think most analysts have SG&A expenses too high going forward. My opinion/guess.

To: kolo55 who wrote (388)	10/24/1997 12:47:00 PM
From: 18acastra	Read Replies (1) \| Respond to of 1422

Stupid #@*%!!! in the market selling off FLEXF due to panic over Far-East currency devaluation. Morons don't realize this helps FLEXF. They invoice in US$ and pay labor costs in foreign currency. Foreign currency devaluation therfore lowers their cost. Their customers are US Multinationals (they are just manufacturing abroad because it is cheaper and most of the stuff comes back into the US), so their is no slowdown to their top-line. Great buying opportunity. My opinion.