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

To: kolo55 who wrote (446)	12/18/1997 9:49:00 AM
From: 18acastra	Read Replies (2) \| Respond to of 1422

Flextronics announced Joint Venture with Dow Chemical to produce thin-film integrated passive components. The new entity is called Intarsia. I am a little fuzzy on the details, but seems in-line with Flextronics strategy for focusing on miniturization. The business director for Dow's Advanced Electronics Materials Group is quoted as saying "The market opportunity is significant enough that we felt a seperate company should be formed to pursue it." The press release also cites a consulting firm, Prismark Partners, as saying "Discrete passives account for 90% of the components in typical electronic systems, and can constitute as many as 98% of the parts in some wireless systems. As a result, the industry is at a point where passive integration can have a major effect on end-product attractiveness by reducing size, weight, and complexity." Michael Marks quote is a follows "As a contract manufacturer assembling millions of discrete passives onto circuit boards every week, we see a great opportunity for product cost reduction and significant product enhancements using Intarsia's technology. In addition, we are increasing the number of products we build in the wireless communications arena, and expect to make frequent use of Intarsia's capabilities as we work with customers on new designs." Any insights into this?